(1) This chapter applies only to:
- (a) Domestic life and accident and health insurers;
- (b) Licensed life and accident and health insurers which are not subject to a substantially similar rule or law in their state of domicile; and
- (c) Licensed property and casualty insurers which are not subject to a substantially similar rule or law in their state of domicile with respect to their accident and health business.
- (2) This rule does not apply to assumption reinsurance, yearly renewable term reinsurance or nonproportional reinsurance such as stop loss or catastrophe reinsurance.
History
History: Cr. Register, July, 1993, No. 451, eff. 8-1-93.