(a) Notwithstanding any other provision of law, the Exchange shall not be subject to licensure or regulation by the Department of Insurance or the Department of Managed Health Care.
(b) Carriers that contract with the Exchange shall have a license or certificate of authority from, and shall be in good standing with, their respective regulatory agencies.
(Added by Stats. 2010, Ch. 655, Sec. 11. (AB 1602) Effective January 1, 2011.)
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