Section 910.20  Applicability

a)         Except as provided in subsection (b), this Part applies to every domestic, foreign, and alien risk-bearing entity with a certificate of authority or accreditation from the Director.

b)         This Part does not apply to any qualified group workers compensation pool, domestic captive insurance company, fraternal benefit society, or any risk-bearing entity that, in this State, only transacts business to offer Medicare Part C or D plans. For any year when reports are due, this Part also does not apply to any risk-bearing entity with less than $50,000,000 in total net admitted assets for the current year as reflected on the Assets page of the annual statement filed with the Director for the year ending December 31^st immediately preceding.