Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-143 - DOMESTIC INSURERS
Section 69O-143.015 - Exemption of Long Term Profits Incident to Sales Within 6 Months of the Exercise of an Option
Current through Reg. 50, No. 187; September 24, 2024
Transactions that are not subject to section 628.461, F.S., and that are the result of the following are exempt from sections 625.75 and 625.76, F.S.:
(1) Acquisitions of shares of stock and stock options under a stock bonus plan, stock option plan, or similar plan securities acquired by redeeming other securities by an insurer;
(2) Consolidations or mergers of insurers that hold over 85 percent of the companies being merged or consolidated;
(3) Acquisitions or dispositions of an equity security involved in the deposit of the security under, or the withdrawal of the security from, a voting trust or deposit agreement; or
(4) Conversions of an insurer's equity securities into another equity security of the same insurer.
Rulemaking Authority 624.308(1), 625.82 FS. Law Implemented 624.307(2), 625.76 FS.
New 4-23-66, Repromulgated 12-24-74, Formerly 4-19.15, 4-19.015, Amended 9-22-03, Formerly 4-143.015.
