31A-22-633. Exemptions from standards.
Notwithstanding the provisions of this title, any accident and health insurer or health maintenance organization may offer a choice of coverage that is less or different than is otherwise required by applicable state law if:
(1) the Department of Health and Human Services offers a choice of coverage as part of a Medicaid waiver under, which includes: Title 26B, Chapter 3, Health Care - Administration and Assistance less or different coverage than the basic coverage; less or different coverage than is otherwise required in an insurance policy or health maintenance organization contract under applicable state law; or less or different coverage than required by Subsection; and 31A-22-605(4)(b)
(2) the choice of coverage offered by the carrier: is the same or similar coverage as the coverage offered by the Department of Health and Human Services under Subsection; (1) is offered to the same or similar population as the coverage offered by the Department of Health and Human Services under Subsection; and (1) contains an explanation for each insured of coverage exclusions and limitations.