"Insurance transaction" defined.

"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.

(5) Insuring.

[1947 c 79 § .01.06; Rem. Supp. 1947 § 45.01.06.]