Section 1125 - Single state exemption(a) The Commissioner may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in the State of Delaware from the requirements of Section 1121, provided: (1) The Commissioner has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and(2) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual in addition to any requirements established by the Commissioner and promulgated by regulation.(b) For any company granted an exemption under this section, Sections 1113, 1114, 1114A, 1114B, 1115, 1115A, 1116, 1117, 1118, 1119 and 1120 of this title shall be applicable. With respect to any company applying this exemption, any reference to Section 1121 found in Sections 1113, 1114, 1114A, 1114B, 1115, 1115A, 1116, 1117, 1118, 1119 and 1120 shall not be applicable.Added by Laws 2015, ch. 117,s 1, eff. 7/27/2015.