Sec. 31.05.07.02. Scope

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A. This chapter applies to:

(1) Each domestic life and accident and health insurer, including nonprofit health service plans;

(2) Any other licensed life and accident and health insurer, including a nonprofit health services plan, that is not subject to a substantially similar regulation in its domiciliary state; and

(3) Each licensed property and casualty insurer with respect to its accident and health business.

B. This chapter does not apply to:

(1) Assumption reinsurance;

(2) Yearly renewable term reinsurance; or

(3) Certain nonproportional reinsurance, such as stop loss or catastrophe reinsurance.

                    
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