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



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



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



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



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



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