(b) Every nonprofit property/casualty insurance company subject to the provisions of this article shall be exempt from participation in the plan pursuant to article fifty-three of this chapter, the association pursuant to article fifty-four of this chapter and the association pursuant to article fifty-five of this chapter.
(c) A nonprofit property/casualty insurance company and the contracts it issues will be subject to the provisions of article seventy-six of this chapter and article six-A of the workers' compensation law.