523.10 - EXCEPTIONS -- RULES BY COMMISSIONER.

        523.10  EXCEPTIONS -- RULES BY COMMISSIONER.         The provisions of section 523.8 shall not apply to any purchase      and sale, or sale and purchase, and the provisions of section 523.9      shall not apply to any sale, of an equity security of a domestic      stock insurance company not then or theretofore held in an investment      account by a dealer in the ordinary course of the dealer's business      and incident to the establishment or maintenance by the dealer of a      primary or secondary market (otherwise than on an exchange as defined      in the Securities Exchange Act of 1934) for such security.  The      commissioner may, by such rules and regulations as the commissioner      deems necessary or appropriate in the public interest, define and      prescribe terms and conditions with respect to securities held in an      investment account and transactions made in the ordinary course of      business and incident to the establishment or maintenance of a      primary or secondary market.  
         Section History: Early Form
         [C66, 71, 73, 75, 77, 79, 81, § 523.10]         Referred to in § 523.11, 523.12, 523.14