Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-042 - PROXIES, CONSENTS AND AUTHORIZATIONS OF DOMESTIC STOCK INSURERS
Section 482-1-042-.05 - Solicitations To Which Chapter Applies
Current through Register Vol. 42, No. 5, February 29, 2024
Rule 482-1-042-.12 of this chapter shall apply to every solicitation that is subject to Rule 482-1-042-.03. Rules 482-1-042-.04 through 482-1-042-.11 and Rule 482-1-042-.13 of this chapter shall apply to every solicitation that is subject to Rule 482-1-042-.03 except the following:
(a) Any solicitation made otherwise than on behalf of the issuer where the total number of persons solicited is not more than ten.
(b) Any solicitation by a person in respect of securities carried in his name or in the name of his nominee (otherwise than as voting trustee) or held in his custody, if such person:
(c) Any solicitation by a person in respect of securities of which it is the beneficial owner.
(d) Any solicitation through the medium of a newspaper advertisement which informs security holders of a source from which they may obtain copies of a proxy statement, form of proxy and any other soliciting material and does no more than (1) name the issuer, (2) state the reason for the advertisement, and (3) identify the proposal or proposals to be acted upon by security holders.
(e) Any solicitation which the Commissioner finds for good cause should be exempted from this chapter or any part thereof.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-7, 27-2-17, 27-29-8.