With respect to the equity securities of the insurer, any acquisition or disposition of any equity security by a director or officer of the insurer within six months prior to the date on which the Act shall first become applicable shall not be subject to the operation of N.J.S.A. 17:17B-2.
N.J. Admin. Code § 11:2-9.2
See: 27 New Jersey Register 3278(b), 28 New Jersey Register 152(b).