California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 5 - Stock Insurers-Corporate Affairs
Article 1 - Proxies, Consents and Authorizations of Domestic Insurers
Section 2680.5 - Information to be Furnished to Stockholders

(1) No solicitation subject to this Article shall be made unless each person solicited is concurrently furnished or has previously been furnished with as a written proxy statement containing the information specified in Schedule A as set forth in Section 2680.12 hereof.

(2) If 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 subsection 1 hereof shall be accompanied or preceded by an annual report (in preliminary or final form) to such stockholders containing such financial statements for the last fiscal year as are referred to in Schedule Stockholder Information Supplement under heading "Financial Reporting to Stockholders." 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.

(3) Two 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 such 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 subsection 1 of Section 2680.7, whichever date is later.