Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter693A Corporate Powers and Procedures of Domestic Stock and Mutual Insurers |
PROXY AND INFORMATION STATEMENTS |
NAC693A.380. Remuneration and other transactions.
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1. The information reported or required in Item 1 of Schedule SIS* under the hearing “Information Regarding Management and Directors” must be furnished if action is to be taken with respect to:
(a) The election of directors;
(b) Any remuneration plan, contract or arrangement in which any director, nominee for election as a director, or officer of the insurer will participate;
(c) Any pension or retirement plan in which any such person will participate; or
(d) The granting or extension to any such person of any options, warrants or rights to purchase any securities, other than warrants or rights issued to security holders, as such, on a pro rata basis.
2. If the solicitation is made on behalf of persons other than the management, the information to be furnished is that required by Item 1-A of Schedule SIS.
* A copy of this schedule may be obtained from the Commissioner of Insurance.
[Comm’r of Insurance, Schedule A item 7, eff. 5-13-72]