Nevada Administrative Code
Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers
DOMESTIC STOCK INSURERS
Section 693A.120 - Definitions

Universal Citation: NV Admin Code 693A.120

Current through September 16, 2024

1. The definitions and instructions set out in Schedule SIS adopted by the National Association of Insurance Commissioners are applicable for the purposes of NAC 693A.010 to 693A.560, inclusive.

2. As used in NAC 693A.010 to 693A.560, inclusive, "solicitation" means:

(a) Any request for a proxy, whether or not accompanied by or included in a form of proxy;

(b) Any request to execute, to refrain from executing or to revoke a proxy; or

(c) Furnishing a form of proxy or communicating with security holders under circumstances reasonably calculated to result in the procurement, withholding or revocation of a proxy.

3. "Solicitation" does not include:

(a) Any solicitation by a person in respect to securities of which the person is the beneficial owner;

(b) Action by a broker or other person in respect to securities carried in his or her name or in the name of his or her nominee in forwarding to the beneficial owner of securities soliciting material received from the insurer;

(c) Impartially instructing a beneficial owner to forward a proxy to the person, if any, to whom the beneficial owner desires to give a proxy;

(d) Impartially requesting instructions from the beneficial owner with respect to the authority to be conferred by the proxy and stating that a proxy will be given if the instructions are received by a certain date;

(e) Furnishing a form of proxy to a security holder upon the unsolicited request of the security holder; and

(f) The performance by any person of ministerial acts on behalf of a person soliciting a proxy.

Comm'r of Insurance, M-4 § 4, eff. 5-13-72-NAC A 6-28-96

NRS 679B.130

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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