Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 75 - Regulation 27-Insider Trading of Equity Securities of a Domestic Stock Insurance Company
Subchapter E - Regulation under Section 1529 of the Act
Section XIII-7559 - Arbitrage Transactions under Section 1529 of the Act
Current through Register Vol. 50, No. 9, September 20, 2024
A. 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 Section 1525 of the Act and shall account to such insurer for the profits arising from such transaction, as provided in Section 1526 thereof. The provisions of Section 1527 shall not apply to such arbitrage transactions. The provisions of the Act shall not apply to any bona fide foreign or domestic arbitrage transaction insofar as it is effected by any person other than such director or officer of the insurer.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2.
