Nev. Admin. Code § 693A.150 - Information to security holders
1. No solicitation
may be made unless each person solicited is concurrently furnished, or has been
previously furnished, a written proxy statement containing the information
specified in NAC 693A.320 to 693A.460, inclusive.
2. If the solicitation is made on behalf of
the management of the insurer and relates to an annual meeting of security
holders at which directors are to be elected, each proxy statement furnished
pursuant to this section must be accompanied or preceded by an annual report in
preliminary or final form containing the financial statements referred to in
Schedule SIS under the heading "Financial Reporting to Stockholders," for the
last fiscal year. The annual report to security holders may be in any form
deemed suitable by the management which conforms to the requirements of this
section.
3. Two copies of each
report sent to the security holders as required by this section must be mailed
to the Commissioner of Insurance not later than the date on which such report
is first sent or given to security holders, or the date on which preliminary
copies of solicitation material are filed with the Commissioner under
subsection 1 of NAC 693A.170, whichever is later.
4. If no solicitation is being made by the
management of the insurer with respect to any annual or other meeting, the
insurer shall mail to each security holder of record, at least 20 days before
the meeting date, an information statement required by NAC 693A.140, containing
the information called for by NAC 693A.330 and 693A.360 to 693A.460, inclusive,
which would be applicable to any matter to be acted upon if proxies were to be
solicited in connection with the meeting. If the information statement relates
to an annual meeting at which directors are to be elected, it must be
accompanied by an annual report to security holders in the form required by
subsection 2 of this section.
Notes
NRS 679B.130, 693A.100
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