(c) The Director may exempt from the application of this Article any
company that is organized under Article IV of this Code, that writes direct
business only in this State, and that assumes no reinsurance in excess of 5% of
direct written premiums.
(d) The Director may exempt from the application of this Article any
domestic health organization upon a showing by the health organization of the
reasons for requesting the exemption and a determination by the Director of
good cause for an exemption.
(e) The Director may by rule impose upon any insurer exempted from the
application of this Article under subsection (b), (c), or (d) of this Section
conditions to the
exemption that require maintenance of adequate capital. These conditions shall
not exceed the requirements of this Article.
(Source: P.A. 91-549, eff. 8-14-99