(a) Any insurer or health care center with coverage policies for care in clinical trials shall submit such policies to the Insurance Department for evaluation and approval. The department shall certify whether the insurer's or health care center's coverage policy for routine patient care costs associated with clinical trials is substantially equivalent to the requirements of sections 38a-504a to 38a-504f , inclusive. If the department finds that such coverage is substantially equivalent to the requirements of sections 38a-504a to 38a-504f , inclusive, the insurer or health care center shall be exempt from the provisions of sections 38a-504a to 38a-504f , inclusive.
(b) Any such insurer or health care center shall report annually, in writing, to the department that there have been no changes in the policy as certified by the department. If there has been any change in the policy, the insurer or health care center shall resubmit its policy for certification by the department.
(c) Any insurer or health care center coverage policy found by the department not to be substantially equivalent to the requirements of sections 38a-504a to 38a-504f , inclusive, shall abide by the requirements of sections 38a-504a to 38a-504f , inclusive, until the insurer or health care center has received such certification by the department.