(1) The registration requirements of ORS § 732.517 to 732.596 do not apply to any insurer, information or transaction the Director of the Department of Consumer and Business Services exempts by rule or order.

(2) ORS § 732.521, 732.523, 732.526 and 732.528 do not apply to a transaction that is subject to the provisions of ORS § 732.517 to 732.546 that relate to a merger or consolidation between or among two or more insurers. [Formerly 732.685; 2013 c.370 § 24]