(1)  No insurer that has covered policies as to which ARM 6.6.6720 through 6.6.6727 apply (as set forth in ARM 6.6.6721) shall take any action or series of actions, or enter into any transaction or arrangement or series of transactions or arrangements if the purpose of such action, transaction, or arrangement or series thereof is to avoid the requirements of ARM 6.6.6720 through 6.6.6727, or to circumvent their purpose and intent, as set forth in ARM 6.6.6720.