(a) Notwithstanding any other provision of law, the board shall not be subject to licensure or regulation by the Department of Insurance or the Department of Managed Health Care, as the case may be.
(b) Participating carriers that contract with the program shall be licensed and in good standing with their licensing agencies.
(Amended by Stats. 2000, Ch. 857, Sec. 69. Effective January 1, 2001.)