Nevada Administrative Code
Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers
DOMESTIC STOCK INSURERS
Section 693A.110 - "Participant" defined
Universal Citation: NV Admin Code 693A.110
Current through September 16, 2024
1. As used in NAC 693A.010 to 693A.560, inclusive, "participant" means:
(a) The insurer;
(b) Any director of the insurer or nominee
for whose election as a director proxies are solicited; and
(c) Any other person, acting alone or with
one or more other persons in organizing, directing or financing the
solicitation.
2. "Participant" does not include:
(a) A bank,
broker or dealer who, in the ordinary course of business, lends money or
executes orders for the purchase or sale of securities and who is not otherwise
a participant;
(b) Any person or
organization retained or employed by a participant to solicit security holders,
or any person who merely transmits material soliciting for proxies or performs
ministerial or clerical duties;
(c)
Any person employed in the capacity of attorney or accountant or as an
advertising, public relations or financial adviser, and whose activities are
limited to the performance of his or her duties in the course of that
employment;
(d) Any person
regularly employed as an officer or employee of the insurer or any of its
subsidiaries or affiliates who is not otherwise a participant; or
(e) Any officer, director or regular employee
of any other participant who is not himself or herself a participant.
Comm'r of Insurance, M-4 § 10 subsec. 2, eff. 5-13-72-NAC A 6-28-96
NRS 679B.130
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