Authority: IC 27-1-3-7

Affected: IC 27-2-10-2

Sec. 3. Transactions Exempted from the Operation of Section 2 [ IC 27-2-10-2] of the Act. Any acquisition or disposition of any equity security by a director or officer of an insurer within six months prior to the date on which the Act shall first become applicable with respect to the equity securities of such insurer shall not be subject to the operation of Section 2 [ IC 27-2-10-2] of the Act.

(Department of Insurance; Reg 12,II,Sec 2; filed Jun 7, 1966, 9:00 am: Rules and Regs. 1967, p. 102; filed Jan 6, 1970, 8:40 am: Rules and Regs. 1971, p. 168; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed Nov 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA; readopted filed Nov 19, 2019, 9:18 a.m.: 20191218-IR-760190497RFA; readopted filed Oct 22, 2025, 3:17 p.m.: 20251119-IR-760240637RFA) NOTE: Renumbered Reg 12, I, Sec 2 by 1971 amendment.