NAC693A.140. Equivalent information.  


Latest version.
  •      1. Unless proxies, consents or authorizations in respect of any class of equity security of a domestic insurer are solicited by or on behalf of the management of the insurer from the holders of record in accordance with NAC 693A.010 to 693A.560, inclusive, before any annual or other meeting of the security holders, the insurer shall file with the Commissioner of Insurance and transmit to all security holders of record information substantially equivalent to that which would have been required to be transmitted if a solicitation were made.

         2. The insurer shall transmit a written statement containing the information specified in subsection 4 of NAC 693A.150 to every security holder who is entitled to vote in regard to any matter to be acted upon at the meeting and from whom a proxy is not solicited on behalf of the management of the insurer. For a class of securities which is in unregistered or bearer form, the statement need be transmitted only to those security holders whose names and addresses are known to the insurer.

     [Comm’r of Insurance, M-4 § 3, eff. 5-13-72]—(NAC A 6-28-96)