33-3-444. Exemptions — securities held in an investment account — primary or secondary market — rules
33-3-444. Exemptions — securities held in an investment account — primary or secondary market — rules. (1) The provisions of 33-3-442 do not apply to any purchase and sale, or sale and purchase, and the provisions of 33-3-443 do not apply to any sale of an equity security of a domestic stock insurance company not then […]
33-3-445. Exemptions — arbitrage transactions
33-3-445. Exemptions — arbitrage transactions. The provisions of 33-3-441 through 33-3-443 shall not apply to foreign or domestic arbitrage transactions unless made in contravention of such rules as the commissioner may adopt in order to carry out the purposes of 33-3-441 through 33-3-447. History: En. Sec. 5, Ch. 159, L. 1965; R.C.M. 1947, 40-4755.
33-3-446. Exemptions — registered securities — holding by less than 100 persons
33-3-446. Exemptions — registered securities — holding by less than 100 persons. The provisions of 33-3-441 through 33-3-443 shall not apply to equity securities of a domestic stock insurance company if: (1) such securities shall be registered or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934, as amended; […]
33-3-447. Rules of commissioner — classifications — effect
33-3-447. Rules of commissioner — classifications — effect. (1) The commissioner may adopt rules that may be necessary for the execution of the functions vested in the commissioner by 33-3-441 through 33-3-446 and may classify domestic stock insurance companies, securities, and other persons or matters within the commissioner’s jurisdiction. (2) A provision of 33-3-441 through 33-3-443 imposing […]
33-3-448. and 33-3-449 reserved
33-3-448 and 33-3-449 reserved.
33-3-450. Purpose
33-3-450. Purpose. The purpose of 33-3-450 through 33-3-453 is to authorize domestic insurance companies to utilize modern systems for holding and transferring securities without physical delivery of securities certificates, subject to appropriate rules adopted by the commissioner. History: En. Sec. 1, Ch. 380, L. 2003.
33-3-451. Definitions
33-3-451. Definitions. As used in this chapter, the following definitions apply: (1) ”Clearing corporation” has the meaning provided in 30-8-112, except that with respect to securities issued by institutions organized or existing under the laws of any foreign country or securities used to meet the deposit requirements pursuant to the laws of a foreign country as a […]
33-3-452. Use of book-entry systems — rules
33-3-452. Use of book-entry systems — rules. (1) (a) Other provisions of law may not be construed as prohibiting a domestic insurance company from depositing or arranging for the deposit of securities held in or purchased for its general account and its separate accounts in a clearing corporation or the federal reserve book-entry system. (b) When securities are […]
33-3-453. Deposit of securities by insurance companies
33-3-453. Deposit of securities by insurance companies. (1) Securities qualified for deposit under 33-3-450 through 33-3-453 may be deposited with a clearing corporation or held in the federal reserve book-entry system. (2) An insurance company that is using securities to help meet the deposit requirements of Title 33, chapter 2, parts 1 and 6, and depositing those […]
33-3-442. Inside trading of securities — profit inures to company — limitation of action to recover — rules
33-3-442. Inside trading of securities — profit inures to company — limitation of action to recover — rules. (1) For the purpose of preventing the unfair use of information that may have been obtained by the beneficial owner, director, or officer by reason of the individual’s relationship to the company, any profit realized by the individual from […]