Insurance transaction defined

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  • “Insurance transaction” includes any—
    • (1) solicitation;

    • (2) negotiations preliminary to execution;

    • (3) execution of an insurance contract;

    • (4) transaction of matters subsequent to execution of the contract and arising out of it, except the investigation and adjustment of or litigation on any claim in this territory arising out of an insurance contract issued by an unauthorized insurer which is represented in such investigation, adjustment, or litigation solely by an adjuster or attorney at law in his professional capacity; and;

    • (5) insuring.


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