Administration and scope.

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  • (1) The commissioner is solely responsible for the administration and enforcement of the provisions of this chapter.
  • (2) This chapter does not:
    • (a) prescribe or impose corporate governance standards or internal procedures beyond what is required under applicable state corporate law; or
    • (b) limit the commissioner's authority, or the rights or obligations of third parties, under Chapter 2, Administration of the Insurance Laws.
  • (3) The requirements of this chapter apply to each insurer domiciled in the state.




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