§431:10-103  Exemptions of certaincontracts.  The provisions of this part shall not apply to:

(1)  Any contract which is a security subject tofederal jurisdiction;

(2)  Any group contract covering a group of onethousand or more lives at date of issue, other than a group credit life orcredit disability contract, except that any individual certificate issued undera group contract delivered or issued for delivery in this State shall not beexempt;

(3)  Any group annuity contract which funds a pension,profit sharing, or deferred compensation plan;

(4)  Any form used in connection with, as a conversionfrom, as an addition to, or in exchange under a contractual provision for acontract delivered or issued for delivery on a form approved or permitted to beissued prior to July 1, 1984; or

(5)  The renewal of a contract delivered or issued fordelivery prior to July 1, 1984. [L 1987, c 347, pt of §2]