Connecticut Administrative Code
Title 38a - Insurance Department
124 - Insider Trading of Domestic Stock Insurance Company Equity Securities
Section 38a-124-3 - Transactions exempted from the operation of section 38a-119

(a) Any acquisition or disposition of any equity security by a director or officer of an issuer within six months prior to the date on which the act shall first become applicable with respect to the equity securities of such issuer shall not be subject to the operation of section 38a-119 of the 1965 supplement to the general statutes.

(b) No liability under said section 38a-119 shall be imposed on any person by reason of any purchase or sale made by him in connection with any transaction approved by the commissioner in accordance with provisions of either section 38a-152 of the general statutes or 38a-153 of the 1965 supplement thereto.