New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 2 - INSURANCE GROUP
Subchapter 9 - INSIDER TRADING OF DOMESTIC STOCK INSURANCE COMPANY EQUITY SECURITIES
Section 11:2-9.10 - Exemption from N.J.S.A 17:17B-1; small transactions

Universal Citation: NJ Admin Code 11:2-9.10

Current through Register Vol. 56, No. 24, December 18, 2024

(a) Any acquisition of securities shall be exempt from N.J.S.A. 17:17B-1 where:

1. The person effecting the acquisition does not within six months thereafter effect any disposition, other than by way of gift, of securities of the same class; and

2. The person effecting such acquisition does not participate in acquisitions or in dispositions of securities of the same class having a total market value in excess of $ 3,000 for any six month period during which the acquisition occurs.

(b) Any acquisition or disposition of securities by way of gift, where the total amount of such gifts does not exceed $ 3,000 in market value for any six-month period, shall be exempt from N.J.S.A. 17:17B-1 and may be excluded from the computations prescribed in (a)2 above.

(c) Any person exempt by (a) or (b) above shall include in the first report filed by him or her after a transaction within the exemption a statement showing his or her acquisitions and dispositions for each six-month period or portion thereof which has elapsed since his last filing.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.