58-5-155. Qualified education loan insurer subject to Title 58--Exceptions. Any qualified education loan insurer is subject to the provisions of Title 58 except as otherwise specifically provided in §§ 58-5-154 to 58-5-160, inclusive. Notwithstanding any other provision of Title 58, a qualified education loan insurer is not subject to the following provisions of Title 58 and any rules promulgated to implement any such provisions:
(1) Sections 58-4-48, 58-5-85, and 58-27-63;
(2) Subdivision 58-5-7(5) to the extent that this subdivision permits only one class of authorized voting common stock or otherwise restricts the authorization of preferred stock, with or without voting rights;
(3) Section 58-5-92 to the extent that this section prohibits agreements with respect to investments permitted under § 58-5-157; and
(4) Chapter 58-5A.Source: SL 1998, ch 287, § 2.
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