1. (a) When an individual applies for health coverage provided under this chapter, the nonprofit agricultural organization offering the health coverage shall inform the individual that the health coverage:

   1. (1) is not considered insurance; and
   2. (2) is not subject to the administrative rules of the department of insurance.

2. (b) An individual entering into a contract for health coverage under this chapter must acknowledge that the coverage:

   1. (1) is not considered insurance; and
   2. (2) is not subject to the administrative rules of the department of insurance.

3. (c) The acknowledgment required by subsection (b) must be in a writing signed by the individual. The nonprofit agricultural organization shall:

   1. (1) keep a copy of the written acknowledgment for the entire duration of the contract under which the individual is provided coverage under this chapter; and
   2. (2) provide a copy of the acknowledgment to the individual at the individual's request.

As added by P.L.136-2020, SEC.1.