§ 23-79-101. Definitions

As used in this chapter:

1. (1) “Excepted benefits” means benefits under one (1) or more, or any combination thereof, of the following:

   1. (A) Benefits not subject to requirements, including without limitation:

      1. (i) Coverage only for accident or disability income insurance, or any combination thereof;

      2. (ii) Coverage issued as a supplement to liability insurance;

      3. (iii) Liability insurance, including general liability insurance and automobile liability insurance;

      4. (iv) Workers’ compensation or similar insurance;

      5. (v) Automobile medical payment insurance;

      6. (vi) Credit-only insurance; and

      7. (vii) Other similar insurance coverage, specified in regulations, under which benefits for medical care are secondary or incidental to other insurance benefits;

   2. (B) Limited-scope dental or vision benefits;

   3. (C) Benefits for long-term care, nursing home care, home health care, community-based care, or any combination thereof;

   4. (D) Coverage only for a specified disease or illness;

   5. (E) Hospital indemnity or other fixed indemnity insurance; and

   6. (F) Medicare supplemental health insurance as defined under section 1882(g)(1) of the Social Security Act, 42 U.S.C. § 1395ss(g)(1), coverage supplemental to the coverage provided under 10 U.S.C. § 1071 et seq., and similar supplemental coverage;

2. (2) “Policy” means the written contract of or written agreement for or effecting insurance, by whatever name called, and includes all clauses, riders, endorsements, and papers made a part thereof; and

3. (3)

   1. (A) “Premium” is the consideration for insurance, by whatever name called.

   2. (B) Any assessment, or any membership, policy, survey, inspection, service, or similar fee or charge in consideration for a policy is deemed part of the premium.