Florida Regulations 69O-143.015: Exemption of Long Term Profits Incident to Sales Within 6 Months of the Exercise of an Option
Current as of: 2024 | Check for updates
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Transactions that are not subject to Florida Statutes § 628.461, 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. History-New 4-23-66, Repromulgated 12-24-74, Formerly 4-19.15, 4-19.015, Amended 9-22-03, Formerly 4-143.015.
(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. History-New 4-23-66, Repromulgated 12-24-74, Formerly 4-19.15, 4-19.015, Amended 9-22-03, Formerly 4-143.015.