The provisions of §§ 23-63-506 -- 23-63-513 shall not apply to:
(1) Any offers, requests, invitations, agreements, or acquisitions by the person referred to in § 23-63-506 of any voting security referred to in that section which, immediately prior to the consummation of the offer, request, invitation, agreement, or acquisition, was not issued and outstanding and the issuance of which will not have the effect of changing or influencing the control of a domestic insurer;
(2) Any transaction which is subject to the provisions of §§ 23-69-142 -- 23-69-145 of the laws of this state, dealing with the merger or consolidation of two (2) or more insurers;
(3) Any offer, request, invitation, agreement, or acquisition which the commissioner, by order, shall exempt therefrom as:
(A) Not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer; or
(B) As otherwise not comprehended within the purposes of §§ 23-63-506 -- 23-63-513.
Section: Previous 23-63-502 23-63-503 23-63-505 23-63-506 23-63-507 23-63-508 23-63-509 23-63-510 23-63-511 23-63-512 23-63-513 23-63-514 23-63-515 23-63-516 NextLast modified: November 15, 2016