A. A travel insurer shall be subject to the provisions of Chapter 3 of this Title, R.S. 22:791 et seq.
B. A travel insurer shall pay premium tax, as provided in R.S. 22:837 and 838, on travel insurance premiums paid by any one of the following:
(1) An individual policyholder who is a resident of this state.
(2) A certificate-holder who is a resident of this state who elects coverage under a group travel insurance policy.
(3) An eligible group policyholder that is resident in, or has its principal place of business in, this state that purchases a blanket travel insurance policy.