Sec. 4. (a) Nonprofit agricultural organization coverage provided under this chapter:
(1) is not insurance;
(2) shall not be considered to be insurance under this title or any other provision of Indiana law; and
(3) is not subject to the regulatory authority of the department of insurance under this title or any other provision of Indiana law.
(b) Entering into a contract between a nonprofit agricultural organization and an individual for health coverage under this chapter does not constitute the business of insurance.
(c) A nonprofit agricultural organization providing coverage under this chapter is not required to obtain a certificate of authority under IC 27-1-3-20.