(1) Health benefit plan coverage obtained through an insurance purchasing outlet shall be deemed group health insurance in accordance with KRS 304.18-020.
(2) Health benefit plans obtained through an insurance purchasing outlet shall meet the requirements in KRS 304.17A-200, 304.17A-220, and 304.17A-240.
(3) An insurance purchasing outlet member who no longer meets participation requirements may, at the option of the member, remain a member of the insurance purchasing outlet until the time of renewal.