A. The
Department incorporates by reference National Association of Insurance
Commissioners Model Laws, Regulations and Guidelines, Volume III, pp. 490-1
through 490-33, Regulation Regarding Proxies, Consents, and Authorization of
Domestic Stock Insurers, April 1995 (and no future editions or amendments),
which is on file with and available from the Department of Insurance, 100 N.
15th Ave., Suite 261, Phoenix, AZ 85007-2630, the Department's website:
https://difi.az.gov/insurance-division-rulemaking,
and the National Association of Insurance Commissioners, Publications
Department, 1100 Walnut Street, Suite 1500, Kansas City, MO 64106-2197,
modified as follows:
Section 1 A is modified to read: "No domestic stock insurer
that has any class of equity securities held of record by 100 or more persons,
or any director, officer or employee of that insurer, or any other person,
shall solicit, or permit the use of the person's name to solicit, by mail or
otherwise, any proxy, consent, or authorization in respect to any class of
equity securities in contravention of this regulation and Schedules A and B,
hereby made a part of this regulation.
B. Domestic stock insurance companies shall
comply with this Section as required under A.R.S. §
20-143(B).
Notes
Ariz. Admin.
Code §
R20-6-401
Former General Rule
57-3. R20-6-401 recodified from R4-14-401 (Supp. 95-1). Section expired under
A.R.S. §
41-1056(E),
filed in the Office of the Secretary of State August 24, 2000 (Supp. 00-3). New
Section made by final rulemaking at 9 A.A.R. 1086, effective March 6, 2003
(Supp. 03-1). Amended by final expedited rulemaking at
25
A.A.R. 3008, effective 9/16/2019. Amended by final rulemaking at
29
A.A.R. 3615, effective 1/7/2024.
