(a)

1. (1) Financially related reviews by the State Insurance Department or administrative actions undertaken by the department pertaining to the financial solvency, ownership, condition, or affairs of an insurer or business organization licensee that may ultimately result in an administrative order shall be exempt from the provisions of this part.
2. (2) Instead, the specific, pertinent provisions of the Arkansas Insurance Code or the department’s administrative rules pertaining to the activity under review shall apply to provide the procedures, forms, or practices related to the financial activities.

3. (3) This exemption applies, by example and without limitation, to:

   1. (A) Mergers and acquisitions;
   2. (B) Holding company transactions;
   3. (C) Financial examinations and adoption orders of such reports;
   4. (D) Risk-based capital requirements;
   5. (E) Changes of ownership;
   6. (F) Hazardous condition situations;
   7. (G) Rehabilitations;
   8. (H) Receiverships;
   9. (I) Liquidations;
   10. (J) Material business modifications; and
   11. (K) Any other matter pertaining to the financial affairs of an insurer or licensed business organization.