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(a) Except as otherwise specifically provided in § 23-79-405, this subchapter shall apply to:
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(1) All Medicare supplement policies delivered or issued for delivery in this state on or after March 20, 1992; and
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(2) All certificates issued under group Medicare supplement policies, which certificates have been delivered or issued for delivery in this state.
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(b) This subchapter shall not apply to a policy of one (1) or more employers or labor organizations, or of the trustees of a fund established by one (1) or more employers or labor organizations, or combination thereof, for employees or former employees or a combination thereof, or for members or former members, or a combination thereof, of the labor organizations.
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(c) The provisions of this subchapter are not intended to prohibit or apply to insurance policies or healthcare benefit plans, including group conversion policies, provided to Medicare-eligible persons, which policies are not marketed or held to be Medicare supplement policies or benefit plans.