NAC693A.370. Nominees and directors.  


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  • If action is to be taken with respect to the election of directors, the following information must be furnished. With respect to each person nominated for election as a director and each other person whose term of office as a director will continue after the meeting:

         1. The name of each person, when the person’s term of office or the term of office for which he or she is a nominee will expire, and all other positions and offices with the insurer which the person holds, whether he or she is a nominee for election as director at the meeting.

         2. The present principal occupation or employment and the name and principal business of any corporation or other organization in which the employment is carried on. Similar information as to all of the person’s principal occupations or employments during the last 5 years must be furnished unless the person is now a director and was elected to his or her present term of office by a vote of security holders at a meeting for which proxies were solicited under NAC 693A.010 to 693A.560, inclusive.

         3. If the person is or has previously been a director of the insurer, the information must include the period or periods during which he or she has served as such.

         4. The information must state, as of the most recent practicable date, the approximate amount of each class of equity securities of the insurer or any of its parents, subsidiaries or affiliates, other than directors’ qualifying shares, beneficially owned directly or indirectly by him or her. If he or she is not the beneficial owner of any securities, a statement made to that effect. The information must be arranged in tabular form to the extent possible.

     [Comm’r of Insurance, Schedule A item 6, eff. 5-13-72]—(NAC A 6-28-96)