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§1410
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§1410 . Derivative transactions and derivative instruments.
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§1410(a)
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(a) For purposes of (this §) ,except subsection (this §)(k) ,an insurer shall mean a domestic life insurer, a domestic property/casualty insurer, a domestic reciprocal insurer, a domestic mortgage guaranty insurer, a domestic co-operative property/casualty insurance corporation or a domestic financial guaranty insurer.
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§1410(b)
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(b)
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§1410(b)(1)
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(1) An insurer may only engage in derivative transactions pursuant to and in compliance with the requirements of (this §) . Any insurer subject to the provisions of subsection §1403(c) of this article shall also comply with the requirements set forth in such subsection relative to derivative transactions authorized by (this §) .
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§1410(b)(2)
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(2) An insurer may use derivative instruments under (this §) to engage in hedging transactions, replication transactions, and for Source Data downloaded: 2009-04-10 09: 13: 56; Processed: 2009-05-08 15: 35: 50
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