Sec. 1. The commissioner may exempt from the application of this chapter: (1) A domestic property and casualty insurer that: (A) writes direct business only in Indiana; (B) receives annual premiums from direct business written of not more than two million dollars ($2,000,000); and (C) assumes no reinsurance in excess of five percent (5%) of direct business written. (2) A health maintenance organization that: (A) operates only in Indiana; and (B) receives annual subscriber premiums (as defined in IC 27-13-1-33 ) of not more than two million dollars ($2,000,000). (3) A limited service health maintenance organization that: (A) operates only in Indiana; (B) receives annual subscriber premiums (as defined in IC 27-13-1-33 ) of not more than two million dollars ($2,000,000); and (C) covers not more than two thousand (2,000) enrollees.
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