Section 26-A1503. INFORMATION TO BE FURNISHED TO STOCKHOLDERS

 

1503.1No solicitation subject to this chapter shall be made unless each person solicited is concurrently furnished or has previously been furnished with a written proxy statement containing the information specified in Schedule A of Appendix 15-1 of this chapter.

 

1503.2If the solicitation is made on behalf of the management of the insurer and relates to an annual meeting of stockholders at which directors are to be elected, each proxy statement furnished pursuant to §1500 shall be accompanied or preceded by an annual report (in preliminary or final form) to those stockholders containing any financial statements for the last fiscal year as are required by law to be filed with the Commissioner. Subject to the foregoing requirements with respect to financial statements, the annual report to stockholders may be in any form deemed suitable by the management.

 

1503.3Two (2) copies of each report sent to the stockholders pursuant to this section shall be mailed to the Commissioner, not later than the date on which that report is first sent or given to stockholders or the date on which preliminary copies of solicitation material are filed with the Commissioner, pursuant to §1505.1, whichever date is later.