This chapter applies to fraternal benefit societies authorized to do business in this State pursuant to section 4124, to health maintenance organizations authorized to do business in this State pursuant to section 4204 and to nonprofit hospital or medical service organizations authorized to do business in this State pursuant to Title 24, section 2305. Such health organizations are considered insurers for purposes of this chapter and are subject to the provisions applicable to property and casualty insurers where this chapter provides separate standards for property and casualty insurers and for life or health insurers. [1999, c. 113, §24 (NEW).]