26-23-405. Regulatory jurisdiction.
(a) No master policy or certificate of insurance for group property and casualty insurance coverage shall be issued or delivered in this state unless issued or delivered by an insurer which is duly licensed in this state to write the lines of insurance covered by the master policy.
(b) This article shall not apply to the mass marketing or any other type of marketing of individual property and casualty insurance policies.
(c) This article shall not apply to policies of credit property or credit casualty insurance which insure the debtors of a creditor or creditors with respect to their indebtedness or to policies of lender placed insurance programs.
(d) Nothing in this article shall limit the authority of the insurance commissioner with respect to complaints or disputes involving residents of this state arising out of a master policy that has been issued or delivered in another state.
(e) The insurance commissioner is authorized to promulgate rules and regulations as may be necessary to carry out the provisions of this article.