§33-25-6. Supervision and regulation by Insurance Commissioner; exemption from insurance laws.

(a) Corporations organized under this article are subject to supervision and regulation of the Insurance Commissioner. The corporations organized under this article, to the same extent these provisions are applicable to insurers transacting similar kinds of insurance and not inconsistent with the provisions of this article, shall be governed by and be subject to the provisions as herein below indicated of the following articles of this chapter: §33-4-1 et seq. of this code (general provisions), except that §33-4-16 of this code shall not be applicable thereto; §33-6C-1 et seq. of this code (guaranteed loss ratio); §33-7-1 et seq. of this code (assets and liabilities); §33-8-1 et seq. of this code (investments); §33-10-1 et seq. of this code (rehabilitation and liquidation); §33-15-2a of this code (definitions); §33-15-2b of this code (guaranteed issue); §33-15-2d of this code (exception to guaranteed renewability); §33-15-2e of this code (discontinuation of coverage); §33-15-2f of this code (certification of creditable coverage); §33-15-2g of this code (applicability); §33-15-4e of this code (benefits for mothers and newborns); §33-15-14 of this code (individual accident and sickness insurance); §33-15-16 of this code (coverage of children); §33-15-18 of this code (equal treatment of state agency); §33-15-19 of this code (coordination of benefits with Medicaid); §33-15C-1 of this code (diabetes insurance); §33-16-3 of this code (required policy provisions); §33-16-3a of this code (mental health); §33-16-3j of this code (benefits for mothers and newborns); §33-16-3k of this code (preexisting condition exclusions); §33-16-3l of this code (guaranteed renewability); §33-16-3m of this code (creditable coverage); §33-16-3n of this code (eligibility for enrollment); §33-16-11 of this code (coverage of children); §33-16-13 of this code (equal treatment of state agency); §33-16-14 of this code (coordination of benefits with Medicaid); §33-16-16 of this code (diabetes insurance); §33-16A-1 et seq. of this code (group health insurance conversion); §33-16C-1 et seq. of this code (small employer group policies); §33-16D-1 et seq. of this code (marketing and rate practices for small employers); §33-25F-1 et seq. of this code (coverage for patient cost of clinical trials); §33-26A-1 et seq. of this code (West Virginia Life and Health Insurance Guaranty Association Act); §33-27-1 et seq. of this code (insurance holding company systems); §33-33-1 et seq. of this code (annual audited financial report); §33-34A-1 et seq. of this code (standards and commissioner’s authority for companies considered to be in hazardous financial condition); §33-35-1 et seq. of this code (criminal sanctions for failure to report impairment); §33-37-1 et seq. of this code (managing general agents); §33-40A-1 et seq. of this code (risk-based capital for health organizations); and §33-41-1 et seq. of this code (privileges and immunity); and no other provision of this chapter may apply to these corporations unless specifically made applicable by the provisions of this article.

(b) Every corporation subject to this article shall comply with mental health parity requirements in this chapter.