The provisions of § 20:06:04:28 shall not apply with respect to any option granted, or other equity security acquired, prior to the date that SDCL 58-5-69, 58-5-71 to 58-5-73, inclusive, and 58-5-70 first become applicable with respect to any class of equity securities of any insurer.

Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 58-5-73 , 58-5-77.

Law Implemented: SDCL 58-5-71 to 58-5-73.