(1) No subscription contracts for prepaid legal services may be sold or offered for sale in this state prior to July 1, 1983. Provided, that nothing contained herein shall be deemed to prohibit an insurer authorized to transact life or casualty insurance in this state from selling or offering for sale in this state before July 1, 1983, individually underwritten and individually issued policies of prepaid legal services insurance on policy forms which have been approved by the commissioner pursuant to the provisions of the Mississippi Code of 1972, and Section 83-49-17.
(2) The provisions of this section shall not apply to any subscription contracts negotiated and issued in accordance with the provisions of section 302C of the Labor Management Relations Act of 1947 (87 Stat. 314, 29 USCA Section 186(c)(8)).
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