Illinois Administrative Code
Title 50 - INSURANCE
Part 203 - PROXIES, CONSENTS AND AUTHORIZATIONS OF DOMESTIC STOCK COMPANIES
Section 203.60 - Requirements as to Proxy and Information Statement
Current through Register Vol. 48, No. 12, March 22, 2024
a) The form of proxy:
No reference need be made to proposals as to which discretionary authority is conferred under Subsection (c) of this Section.
b)
c) A proxy may confer discretionary authority concerning other matters which may come before the meeting, if the persons on whose behalf the solicitation is made are not aware a reasonable time prior to the time the solicitation is made that any other matters are to be presented for action at the meeting and if a specific statement to that effect is made in the proxy statement or in the form of proxy.
d) No proxy may confer authority:
e) The proxy statement or form of proxy must provide, subject to reasonable specified conditions, that the proxy will be voted and that where the person solicited specifies, by means of ballot provided under Subsection (b) of this Section, a choice with respect to any matter to be acted upon, the vote will be in accordance with the specifications so made.
f) The information included in the proxy statement or information statement must be clearly presented and the statements made must be divided into groups according to subject matter, with appropriate headings. All printed proxy statements or information statements must be clearly and legibly presented.