Section 21.14.110. Exemptions.

   (a) The director may exempt from the application of this chapter a domestic property and casualty insurer that
        (1) writes direct business only in this state;
        (2) writes direct annual premiums of $2,000,000 or less; and
        (3) does not assume reinsurance in excess of five percent of direct premiums written.
   (b) The director may exempt from the application of this chapter a domestic health organization that
        (1) writes direct business only in this state;
        (2) does not assume reinsurance in excess of five percent of direct premiums written and
             (A) writes direct annual premiums for comprehensive medical care of $2,000,000 or less; or
             (B) is a limited health service organization that covers less than 2,000 lives.

Notes

History

(Sec. 11 ch 34 SLA 2015)