Section 4. A certified fund shall be exempt from the provisions of chapters one hundred seventy-four A, one hundred seventy-five D, one hundred seventy-four B, one hundred seventy-five, one hundred seventy-five A, one hundred seventy-six, one hundred seventy-six A, one hundred seventy-six B, one hundred seventy-six C, one hundred seventy-six E, and one hundred seventy-six F, and from the provisions of any other statute relating to insurance. A certified fund shall not be considered to be an insurer and any participant shall not be considered a purchaser of insurance under the provisions of section six of chapter three hundred sixty-two of the acts of nineteen hundred and seventy-five. Any such participant or other person to whom coverage is provided by a fund shall receive any dividends to which it would be entitled and shall be subject to any assessments due from it as a ”policyholder” under said section 6 if such dividends or assessments relate to any year during which that participant or other person purchased insurance from the Joint Underwriting Association under said section six.

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The provisions of this chapter shall be subject to the enforcement provisions of sections three A and three B of chapter one hundred and seventy-five.

A hearing held under this chapter shall be subject to the commissioner’s powers under section eight A of chapter one hundred and seventy-five.

A fund shall be subject to the provisions of section twenty of said chapter one hundred and seventy-five as they relate to insurance companies.

A fund shall be subject as an insurer to the provisions of chapter one hundred and seventy-six D.