N.J.A.C. 11:2 — INSURANCE GROUP (Subchapter 1 to 43)

(a) Any transaction of purchase and sale, or sale and purchase, of a security which is effected in connection with the distribution of a substantial block of securities shall be exempt from the provisions of N.J.S.A. 17:17B-2, to the extent specified in this subsection as not com…

(a) Any acquisition of shares of stock (other than stock acquired upon the exercise of an option, warrant or right) pursuant to a stock bonus, profit sharing, retirement, incentive, thrift, savings or similar plan; or any acquisition of a qualified or a restricted stock option pu…

(a) Any acquisition of an equity security (other than a convertible security or right to purchase a security) by a director or officer of the insurer issuing such security shall be exempt from the operation of N.J.S.A. 17:17B-2 upon condition that: 1. The equity security is acqui…

(a) To the extent specified in (b) below, the Commissioner hereby exempts as not comprehended within the purposes of N.J.S.A. 17:17B-2 any transaction or transactions involving the purchase and sale, or sale and purchase, of any equity security where such purchase is pursuant to …

(a) The following transactions shall be exempt from the provisions of N.J.S.A. 17:17B-2 as not comprehended within the purpose of that section: 1. The acquisition of a security of an insurer, pursuant to a merger or consolidation, in exchange for a security of a company which, pr…

(a) Where a person receives shares of stock of a class having general voting power from an insurer, upon the person's surrender of an equal number of shares of stock of the insurer of a class which does not have general voting power, pursuant to provisions of the insurer's certif…

(a) Any acquisition or disposition of securities made in an exchange of shares of a class (or series thereof) of stock of an insurer for an equivalent number of shares of another class (or series thereof) of stock of the same insurer, pursuant to a right of conversion under the t…

Any security shall be exempt from the operation of N.J.S.A. 17:17B-3 to the extent necessary to render lawful under that section the execution by a broker of an order for an account in which he or she has no direct or indirect interest. Notes N.J. Admin. Code § 11:2-9.19 Amended …

With respect to the equity securities of the insurer, any acquisition or disposition of any equity security by a director or officer of the insurer within six months prior to the date on which the Act shall first become applicable shall not be subject to the operation of N.J.S.A.…

(a) Any security shall be exempt from the operation of N.J.S.A. 17:17B-3 to the extent necessary to render lawful under such section any sale made by or on behalf of a dealer in connection with a distribution of a substantial block of securities, upon the following conditions: 1.…

(a) Whenever any person is entitled, as an incident to his ownership of an issued security and without the payment of consideration, to receive another security "when issued" or "when distributed", the security to be acquired shall be exempt from the operation of N.J.S.A. 17:17B-…

It shall be unlawful for any director or officer of an insurer to effect any foreign or domestic arbitrage transaction in any equity security of such insurer, unless he shall include such transaction in the statements required by N.J.S.A. 17:17B-1, and shall account to such insur…

(a) A statement on this form is required to be filed by every person who is directly or indirectly the beneficial owner of more than ten per cent of any class of any equity security of a New Jersey stock insurance company, or who is a director or an officer of such a company. (b)…

For copies of Form A, write to the New Jersey Department of Banking and Insurance, PO Box 325, Trenton, New Jersey 08625-0325. Notes N.J. Admin. Code § 11:2-9.24 Amended by R.1991 d.4, effective 1/7/1991. See: 22 N.J.R. 1673(a), 23 N.J.R. 103(a). Corrected address. Amended by R.2…

(a) Statements on this form are required to be filed by every person who, at any time during any calendar month, was directly or indirectly the beneficial owner of more than ten per cent of any class of equity security of a New Jersey stock insurance company, or a director or off…

For copies of Form B, write to the Department of Banking and Insurance, PO Box 325, Trenton, New Jersey 08625-0325. Notes N.J. Admin. Code § 11:2-9.26 Amended by R.1991 d.4, effective 1/7/1991. See: 22 N.J.R. 1673(a), 23 N.J.R. 103(a). Corrected address. Amended by R.2001 d.6, ef…

(a) Initial statements of beneficial ownership of equity securities required by N.J.S.A. 17:17B-1 shall be filed on Form A. (b) Statements of changes in such beneficial ownership required by N.J.S.A. 17:17B-1 shall be filed on Form B. (c) All such statements shall be prepared and…

(a) In determining, for the purpose of N.J.S.A. 17:17B-1, whether a person is the beneficial owner, directly or indirectly, of more than 10 percent of any class of any equity security (except voting trust certificates or certificates of deposit for equity securities), such class …

Any person filing a statement may expressly declare therein that the filing of such statement shall not be construed as an admission that such person is, for the purpose of the Act, the beneficial owner of any equity securities covered by the statement. Notes N.J. Admin. Code § 1…

(a) During the period of 12 months following their appointment and qualification, securities held by the following persons shall be exempt from N.J.S.A. 17:17B-1 and 17:17B-2: 1. Executors or administrators of the estate of a decedent; 2. Guardians or committees for an incompeten…

Securities purchased or sold by an odd-lot dealer (1) in odd lots so far as reasonably necessary to carry on odd-lot transactions or (2) in round lots to offset odd-lot transactions previously or simultaneously executed or reasonably anticipated in the usual course of business, s…

(a) The acquisition or disposition of any transferable option, put, call, spread or straddle shall be deemed such a change in the beneficial ownership of the security to which such privilege relates as to require the filing of a statement reflecting the acquisition or disposition…

(a) Beneficial ownership of a security for the purpose of N.J.S.A. 17:17B-1 shall include: 1. The ownership of securities as a trustee where either the trustee or members of his immediate family have a vested interest in the income or corpus of the trust; 2. The ownership of a ve…