West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-04 - Insider Trading Of Equity Securities Of A Domestic Stock Insurer
Section 114-4-6 - Regulation Under Subsection (e) Of The Act

Universal Citation: 114 WV Code of State Rules 114-4-6

Current through Register Vol. XLI, No. 38, September 20, 2024

6.1. Arbitrage transactions under subsection (e) of the Act. -- 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 subsection (a) of the Act and shall account to such insurer for the profits arising from such transaction, as provided in subsection (b) thereof. The provisions of subsection (c) of the Act 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.

Disclaimer: These regulations may not be the most recent version. West Virginia 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.