(a) This subchapter is supplemental to other laws of this state and does not preclude or limit other powers or duties of the Insurance Commissioner under those laws, including without limitation ยง 23-68-101 et seq.
(b) The commissioner may adopt reasonable rules necessary for the implementation of this subchapter.
(c) The commissioner may exempt a domestic insurer licensed to do business in this state from this subchapter if the domestic insurer:
(1) Writes direct business only in this state;
(2) Writes direct annual premiums of two million dollars ($2,000,000) or less; and
(3) Assumes no reinsurance more than five percent (5%) of direct premium written.
Section: Previous 23-63-1302 23-63-1303 23-63-1304 23-63-1305 23-63-1306 23-63-1307 23-63-1308 23-63-1309 23-63-1310 23-63-1311 23-63-1312 23-63-1313 23-63-1314 23-63-1316 NextLast modified: November 15, 2016