31.04.10.02

.02 Conformity to Federal Rule.

Any beneficial owners, directors, or officers of the insurer satisfying the requirements of the U.S. Securities & Exchange Commission on insider trading (see SEC reg. 240.16b-1 et seq.) will be considered to have complied with the "insider" provisions and requirements of this chapter and of Insurance Article, §3-119(e), Annotated Code of Maryland.