Section 230-RICR-50-05-3.13 - Exemption of Certain Securities from RegistrationA. The following shall be exempt from the registration and filing requirements of R.I. Gen. Laws §§ 7-11-301 and 7-11-404: 1. All securities which are offered for sale on or through the Internet when all of the following conditions are observed: a. The Internet offer of the securities indicate, directly or indirectly, that the securities are not being offered to residents of the State of Rhode Island; andb. The Internet offer of the securities is not specifically directed to any person or persons in the State of Rhode Island by, or on behalf of, the issuer of the securities; andc. No sales of the insurer's securities are made in the State of Rhode Island as a result of the Internet offering until such time as the securities being offered have been properly registered under the terms and provisions of RIUSA and the rules and regulations promulgated thereunder.B. This Part shall not relieve an issuer of securities on the Internet or a person acting behalf of such an issuer from liability under the RIUSA and the rules and regulations promulgated pursuant thereto.230 R.I. Code R. 230-RICR-50-05-3.13