(a) Any policy of a foreign or alien insurer, when delivered or issued for delivery to any person in this State, may contain any provision that is not less favorable to the covered individual than the provisions of this chapter and that is prescribed or required by the law of the state under which the insurer is organized.
(b) Any policy of a domestic health insurer, when issued for delivery in any other state or country, may contain any provision permitted or required by the laws of such other state or country.