Scope.

(a) This chapter applies to licensed domestic life and accident and health insurers as well as to licensed foreign life and accident and health insurers which are not subject to a substantially similar regulation in their domiciliary state.

(b) In addition, this chapter similarly applies to licensed domestic and foreign property and casualty insurers with respect to their accident and health business.

(c) This chapter does not apply to assumption reinsurance, yearly renewable term reinsurance or certain nonproportional reinsurance such as stop loss or catastrophe reinsurance.