(a) All group accident and health insurance placed by an employer on employees who are residents of this state shall be placed by the employer with an insurer authorized to transact insurance in this state.
(b) This section shall not apply to group insurance lawfully placed in an insurer transacting insurance as a surplus lines insurer under § 23-65-101 et seq., the Unauthorized Insurers Process Act, § 23-65-201 et seq., and the Surplus Lines Insurance Law, § 23-65-301 et seq.
Section: Previous 23-86-102 23-86-103 23-86-104 23-86-106 23-86-107 23-86-108 23-86-109 23-86-110 23-86-111 23-86-112 23-86-113 23-86-114 23-86-115 23-86-116 NextLast modified: November 15, 2016