Yes, you may have your domain account instead of hosting account. By this way, you may have fully control of your domain name. You may change name server, contact details, whois details, transfer domain at any time by yourself. Unlike some hosting company, you are quite difficult even unable to transfer your domain out if you cancel hosting with them because you do not have full control of your domain name.
Start from mid of August 2007, we moved hosting section to LovingHosting.com and remain domain section at LovingDomains.com for better and more effeciency management.
Log in link:
Domain account - http://panel.lovingdomains.com
Hosting account - http://client.lovinghosting.com/clientarea.php