(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 § 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. Amended by Act 2015, No. 1223,§ 25, eff. 7/22/2015. Acts 1995, No. 622, § 1; 1999, No. 625, § 2; 2001, No. 8, § 1; 2011, No. 760, § 4. (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 § 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. Amended by Act 2015, No. 1223,§ 25, eff. 7/22/2015. Acts 1995, No. 622, § 1; 1999, No. 625, § 2; 2001, No. 8, § 1; 2011, No. 760, § 4. (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 § 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. Amended by Act 2015, No. 1223,§ 25, eff. 7/22/2015. Acts 1995, No. 622, § 1; 1999, No. 625, § 2; 2001, No. 8, § 1; 2011, No. 760, § 4. (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 § 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. (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. Acts 1995, No. 622, § 1; 1999, No. 625, § 2; 2001, No. 8, § 1; 2011, No. 760, § 4.
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