A. Until October 1, 1980, health care insurers shall be exempted from mandatory participation in any joint underwriting plan and the Arizona insurance guaranty association and their successor plans or associations.
B. Prior to October 1, 1980, if the insurer wishes to participate in any joint underwriting plan, the Arizona insurance guaranty association or their successor plans or associations, such insurer shall notify the director on forms prescribed by the director within ninety days of receipt of its certificate of authority.