(a) An approved nonprofit health corporation may apply to the department for a certificate of authority under this chapter.
(b) The commissioner may issue a certificate of authority only to an applicant that:
(1) meets the same requirements for the issuance of a certificate of authority that a health maintenance organization is required to meet under Chapter 843; and
(2) establishes accreditation by:
(A) the National Committee on Quality Assurance;
(B) the Joint Commission on Accreditation of Healthcare Organization's accreditation for health care networks; or
(C) an accrediting organization recognized by rule of the commissioner.