83-6-7 - Registration statement; immaterial information need not be disclosed; items deemed to be immaterial.
§ 83-6-7. Registration statement; immaterial information need not be disclosed; items deemed to be immaterial.
No information need be disclosed on the registration statement filed pursuant to Section 83-6-5 if such information is not material for the purposes of Sections 83-6-3 through 83-6-19. Unless the commissioner by rule, regulation or order provides otherwise, sales, purchases, exchanges, loans or extensions of credit or investments involving one-half of one percent (1/2 of 1%) or less of an insurer's admitted assets as of the thirty-first day of December next preceding are not to be deemed material for purposes of Sections 83-6-3 through 83-6-19.
Sources: Laws, 1974, ch. 366, § 2(3), eff from and after July 1, 1974.