The provisions of §§ 23-69-204 — 23-69-206 shall not apply to equity securities of a domestic stock insurance company if:
(1) The securities shall be registered, or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934, as amended; or
(2) The domestic stock insurance company shall not have any class of its equity securities held of record by one hundred (100) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of §§ 23-69-204 — 23-69-206 except for the provisions of this subdivision (2).
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 69 - Domestic Stock and Mutual Insurers
Subchapter 2 - Stock Insurers — Insider Trading
§ 23-69-202. Application of §§ 23-69-204 — 23-69-206 to registered equity securities
§ 23-69-203. Application of §§ 23-69-204 — 23-69-206 to foreign or domestic arbitrage transactions
§ 23-69-204. Statement of owners of equity securities, directors, and officers
§ 23-69-205. Prevention of unfair use of information by owners, directors, or officers
§ 23-69-206. Restrictions on sale of equity securities
§ 23-69-207. Equity securities held in an investment account