reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.110 - "Participant" defined

Current through June 11, 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.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.115 - Conversion of mutual into stock insurer: Interpretation of certain statutory terms

Current through June 11, 2024
As used in
						NRS 693A.400 to
						693A.540,
						inclusive, the Commissioner will interpret:
1. "Domestic stock insurer" to mean a
					domestic stock insurance company or a stock holding company.
2. "Plan of conversion" to include, without
					limitation, the plan of conversion and any amendments to the articles of
					incorporation adopted by a resolution of the board of directors of the
					converting mutual pursuant to subsection 1 of
					NRS
					693A.440.
Added to NAC by Comm'r
						of Insurance by R081-07, eff. 4-17-2008
NRS
							679B.130,
							693A.530,
							693A.655
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.120 - Definitions

Current through June 11, 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.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.130 - Proxies, consents and authorizations

Current through June 11, 2024
A person shall not solicit or permit the use of his or her name
						to solicit by mail or otherwise, any proxy, consent or authorization in respect
						to any class of equity security of the insurer which is held of record by 100
						or more persons in contravention of NAC 693A.010 to 693A.560, inclusive.
Comm'r of Insurance, M-4
						§ 2, eff. 5-13-72-NAC A 6-28-96
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.140 - Equivalent information

Current through June 11, 2024
1. Unless proxies,
					consents or authorizations in respect of any class of equity security of a
					domestic insurer are solicited by or on behalf of the management of the insurer
					from the holders of record in accordance with NAC 693A.010 to 693A.560,
					inclusive, before any annual or other meeting of the security holders, the
					insurer shall file with the Commissioner of Insurance and transmit to all
					security holders of record information substantially equivalent to that which
					would have been required to be transmitted if a solicitation were
					made.
2. The insurer shall transmit
					a written statement containing the information specified in subsection 4 of NAC
					693A.150 to every security holder who is entitled to vote in regard to any
					matter to be acted upon at the meeting and from whom a proxy is not solicited
					on behalf of the management of the insurer. For a class of securities which is
					in unregistered or bearer form, the statement need be transmitted only to those
					security holders whose names and addresses are known to the insurer.
Comm'r of Insurance, M-4
						§ 3, eff. 5-13-72-NAC A 6-28-96
NRS
							679B.130,
							693A.100
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.150 - Information to security holders

Current through June 11, 2024
1. No solicitation
					may be made unless each person solicited is concurrently furnished, or has been
					previously furnished, a written proxy statement containing the information
					specified in NAC 693A.320 to 693A.460, inclusive.
2. If the solicitation is made on behalf of
					the management of the insurer and relates to an annual meeting of security
					holders at which directors are to be elected, each proxy statement furnished
					pursuant to this section must be accompanied or preceded by an annual report in
					preliminary or final form containing the financial statements referred to in
					Schedule SIS under the heading "Financial Reporting to Stockholders," for the
					last fiscal year. The annual report to security holders may be in any form
					deemed suitable by the management which conforms to the requirements of this
					section.
3. Two copies of each
					report sent to the security holders as required by this section must be mailed
					to the Commissioner of Insurance not later than the date on which such report
					is first sent or given to security holders, or the date on which preliminary
					copies of solicitation material are filed with the Commissioner under
					subsection 1 of NAC 693A.170, whichever is later.
4. If no solicitation is being made by the
					management of the insurer with respect to any annual or other meeting, the
					insurer shall mail to each security holder of record, at least 20 days before
					the meeting date, an information statement required by NAC 693A.140, containing
					the information called for by NAC 693A.330 and 693A.360 to 693A.460, inclusive,
					which would be applicable to any matter to be acted upon if proxies were to be
					solicited in connection with the meeting. If the information statement relates
					to an annual meeting at which directors are to be elected, it must be
					accompanied by an annual report to security holders in the form required by
					subsection 2 of this section.
Comm'r of Insurance, M-4
						§ 5, eff. 5-13-72
NRS
							679B.130,
							693A.100
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.160 - Proxy and information statements

Current through June 11, 2024
1. The form of
					proxy must:
(a) Contain a statement in
					boldface type whether or not the proxy is solicited on behalf of the
					management;
(b) Provide a
					specifically designed blank space for dating the proxy; and
(c) Identify clearly and impartially each
					matter or group of related matters intended to be acted upon, whether proposed
					by the management or by security holders.
No reference need be made to
						proposals for which discretionary authority is conferred by subsection 3 of
						this section.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.170 - Filing of solicitations

Current through June 11, 2024
1. Two preliminary
					copies of the information statement or the proxy statement and form of proxy
					and any other soliciting material to be furnished to security holders must be
					filed with the Commissioner at least 10 days before the date on which
					definitive copies of the material are first sent or given to security holders.
					The Commissioner may authorize a later cutoff date for filing upon a showing of
					good cause therefor.
2. Two
					preliminary copies of any additional soliciting material relating to the same
					meeting or subject matter to be furnished to security holders after the proxy
					statements must be filed with the Commissioner at least 2 days, exclusive of
					Saturdays, Sundays or holidays, before the date on which copies of this
					material are first sent or given to security holders. The Commissioner of
					Insurance may authorize a later cutoff date for filing upon a showing of good
					cause therefor.
3. Two copies of
					the information statement or the proxy statement, form of proxy and all other
					soliciting material, in the form in which this material is furnished to
					security holders, must be filed with the Commissioner not later than the date
					on which the material is first sent or given to the security holders.
4. Where any information statement or proxy
					statement, form of proxy or other material filed pursuant to NAC 693A.010 to
					693A.560, inclusive, is amended or revised, two of the copies must be marked to
					show clearly such changes.
5.
					Copies of replies to inquiries from security holders requesting further
					information and copies of communications which do no more than request that
					forms of proxy previously solicited be signed and returned need not be filed
					pursuant to this section.
6. Copies
					of soliciting material in the form of speeches, press releases and radio or
					television scripts may be filed with the Commissioner before use or
					publication. Definitive copies must be filed with the Commissioner as required
					by subsection 3 of this section not later than the date on which the material
					is used or published. The provisions of subsections 1 and 2 of this section and
					NAC 693A.240 apply to any reprints or reproductions of all or any part of such
					material.
Comm'r of Insurance, M-4
						§ 7, eff. 5-13-72-NAC A 6-28-96
NRS
							679B.130,
							693A.100
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.180 - False or misleading statements

Current through June 11, 2024
No proxy statement, form of proxy, notice of meeting,
						information statement or other written or oral communication which is subject
						to NAC 693A.010 to 693A.560, inclusive, may contain any statement which, at the
						time and in the light of the circumstances under which it is made:
1. Is false or misleading with respect to any
					material fact; or
2. Omits to state
					any material fact necessary to:
(a) Make the
					statements therein not false or misleading; or
(b) Correct any statement in any earlier
					communication with respect to the same meeting or subject matter if that
					statement has become false or misleading.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.190 - Undated or postdated proxies

Current through June 11, 2024
No person making a solicitation subject to NAC 693A.010 to
						693A.560, inclusive, may solicit any undated or postdated proxy, or any proxy
						which provides that it will be deemed to be dated after the date on which it is
						signed by the security holder.
Comm'r of Insurance, M-4
						§ 9, eff. 5-13-72-NAC A 6-28-96
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.210 - Election contests

Current through June 11, 2024
NAC 693A.210 to 693A.250, inclusive, apply to any solicitation
						subject to NAC 693A.010 to 693A.560, inclusive, by any person or group for the
						purpose of opposing another solicitation subject to NAC 693A.010 to 693A.560,
						inclusive, made by another person or group regarding the election or removal of
						directors at any annual or special meeting of security holders.
Comm'r of Insurance, M-4
						§ 10 subsec. 1, eff. 5-13-72-NAC A 6-28-96
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.220 - Solicitations: Filing of information

Current through June 11, 2024
1. No solicitation
					subject to NAC 693A.210 to 693A.250, inclusive, may be made by any person other
					than the management of an insurer unless at least 5 business days prior
					thereto, or a shorter period authorized by the Commissioner of Insurance upon a
					showing of good cause, there has been filed with the Commissioner by or on
					behalf of each participant in the solicitation, a statement in duplicate
					containing the information specified by NAC 693A.520 to 693A.560, inclusive,
					and a copy of any material proposed to be distributed to security holders in
					furtherance of the solicitation. Where preliminary copies of any material are
					filed, distribution to security holders must be deferred until the
					Commissioner's comments have been received and complied with.
2. Within 5 business days after a
					solicitation subject to this section is made by the management of an insurer,
					or a longer period authorized by the Commissioner upon a showing of good cause,
					there must be filed with the Commissioner by or on behalf of each participant
					in the solicitation, other than the insurer, and by or on behalf of each person
					nominated by the management to be a director, a statement in duplicate
					containing the information required by NAC 693A.520 to 693A.560,
					inclusive.
3. If any solicitation
					on behalf of management or any other person has been made or if proxy material
					is ready for distribution before a solicitation subject to NAC 693A.210 to
					693A.250, inclusive, in opposition thereto, a statement in duplicate containing
					the information specified in NAC 693A.520 to 693A.560, inclusive, must be filed
					with the Commissioner by or on behalf of each participant other than the
					insurer in the prior solicitation. The information must be filed as soon as
					reasonably practicable after the commencement of the opposing
					solicitation.
4. If, after the
					filing of the statements required by subsections 1, 2 and 3 of this section,
					additional persons become participants in a solicitation subject to this
					section, there must be filed with the Commissioner by or on behalf of each such
					person, a statement in duplicate containing the information specified by NAC
					693A.520 to 693A.560, inclusive, within 3 business days after the person
					becomes a participant, unless the Commissioner authorizes a later cutoff date
					for filing upon a showing of good cause.
5. If any material change occurs in the facts
					reported in any statement filed by or on behalf of any participant, an
					appropriate amendment to the statement must be filed promptly with the
					Commissioner.
6. Each statement and
					amendment thereto filed pursuant to this section is part of the public files of
					the Commissioner.
Comm'r of Insurance, M-4
						§ 10 subsec. 3, eff. 5-13-72
NRS
							679B.130,
							693A.100
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.230 - Solicitations before furnishing of proxy statements: Conditions

Current through June 11, 2024
A solicitation subject to NAC 693A.210 to 693A.250, inclusive,
						may be made before furnishing security holders a written proxy statement
						containing the information specified in NAC 693A.310 to 693A.460, inclusive,
						concerning the solicitation if:
1. The
					statements required by NAC 693A.220 are filed by or on behalf of each
					participant in the solicitation;
2.
					No form of proxy is furnished to security holders before the written proxy
					statement required by subsection 1 of NAC 693A.150 is furnished. This
					subsection does not apply if a proxy statement then meeting the requirements of
					NAC 693A.310 to 693A.460, inclusive, has been furnished to security
					holders;
3. The information
					required for the statements required by subsections 2 and 3 of NAC 693A.220 to
					be filed by each participant, or an appropriate summary thereof, are included
					in each communication sent or given to security holders in connection with the
					solicitation; and
4. A written
					proxy statement containing the information specified in NAC 693A.310 to
					693A.460, inclusive, with respect to a solicitation is sent or given to
					security holders as soon as possible.
Comm'r of Insurance, M-4
						§ 10 subsec. 4, eff. 5-13-72
NRS
							679B.130,
							693A.100
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.240 - Solicitations before furnishing of proxy statements: Filing

Current through June 11, 2024
Two copies of any soliciting material proposed to be sent or
						given to security holders before the furnishing of the written proxy statement
						required by subsection 1 of NAC 693A.150 must be filed with the Commissioner in
						preliminary form at least 5 business days before the date on which definitive
						copies of such material are first sent or given to security holders, or a
						shorter period authorized by the Commissioner upon a showing of good cause
						therefor.
Comm'r of Insurance, M-4
						§ 10 subsec. 5, eff. 5-13-72
NRS
							679B.130,
							693A.100
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › DOMESTIC STOCK INSURERS › Section 693A.250 - Annual reports

Current through June 11, 2024
Two copies of any portion of the annual report referred to in
						subsection 2 of NAC 693A.150 which comments upon or refers to any solicitation
						subject to this section, or to any participant in any such solicitation, other
						than the solicitation by the management, must be filed with the Commissioner of
						Insurance, as proxy material subject to NAC 693A.010 to 693A.560, inclusive.
						This portion of the report must be filed with the Commissioner in preliminary
						form at least 5 business days before the date on which copies of the report are
						first sent or given to security holders.
Comm'r of Insurance, M-4
						§ 10 subsec. 6, eff. 5-13-72-NAC A 6-28-96
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.310 - Proxy and information statements: Required information

Current through June 11, 2024
The statements and other information set forth in NAC 693A.320
						to 693A.460, inclusive, are required for proxy statements and statements of
						information.
Comm'r of Insurance,
						M-4, supplied in codification
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.320 - Revocability

Current through June 11, 2024
Each statement must state whether or not the person giving the
						proxy has the power to revoke it. If the right to revoke the proxy before it is
						exercised is limited or is subject to compliance with any formal procedure, a
						brief description of the limitation or procedure must be included.
Comm'r of Insurance,
						Schedule A item 1, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.330 - Dissenters' rights of appraisal

Current through June 11, 2024
A brief outline of the rights of appraisal or similar rights of
						dissenting holders of security with respect to any matter to be acted upon must
						be included, indicating any statutory procedure required to be followed by
						security holders in order to perfect their rights. Where such rights may be
						exercised only within a limited time after the date of the adoption of a
						proposal, the filing of a charter amendment, or other similar act, the
						statement must state whether the person solicited will be notified of the end
						of the period in which the rights must be exercised.
Comm'r of Insurance,
						Schedule A item 2, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.340 - Identification of source

Current through June 11, 2024
1. If the
					solicitation is made by the management of the insurer, a statement to that
					effect, including the name of any director of the insurer who has informed the
					management in writing that he or she intends to oppose any action intended to
					be taken by the management and setting forth the action which he or she intends
					to oppose.
2. If the solicitation
					is made by persons other than the management of the insurer, the names and
					addresses of the persons by whom and on whose behalf it is made and the names
					and addresses of the persons by whom the cost of the solicitation has been or
					will be borne, directly or indirectly.
3. If the solicitation is to be made by
					specially engaged employees or paid solicitors, a statement of:
(a) The material features of any contract or
					arrangement for such solicitation and the names of the parties; and
(b) The cost or anticipated cost of the
					solicitation.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.350 - Certain interests

Current through June 11, 2024
A brief description of any substantial interest, direct or
						indirect, in the form of security holdings or otherwise, held by any director,
						nominee for election as director, officer and, if the solicitation is made
						other than on behalf of management, each person on whose behalf the
						solicitation is made. The description is required unless no matters other than
						elections to office are to be acted upon.
Comm'r of Insurance,
						Schedule A item 4, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.360 - Voting securities

Current through June 11, 2024
1. A statement for
					each class of voting securities of the insurer which are entitled to be voted
					at the meeting, showing the number of shares outstanding and the number of
					votes to which each class is entitled.
2. The date on which the record list of
					security holders entitled to vote at the meeting will be determined. If the
					right to vote is not limited to security holders of record on that date, a
					statement of the conditions under which other security holders may be entitled
					to vote.
3. If action is to be
					taken with respect to the election of directors, and if the persons solicited
					have cumulative voting rights, a statement that they have such rights and the
					conditions precedent to the exercise thereof.
Comm'r of Insurance,
						Schedule A item 5, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.370 - Nominees and directors

Current through June 11, 2024
If action is to be taken with respect to the election of
						directors, the following information must be furnished. With respect to each
						person nominated for election as a director and each other person whose term of
						office as a director will continue after the meeting:
1. The name of each person, when the person's
					term of office or the term of office for which he or she is a nominee will
					expire, and all other positions and offices with the insurer which the person
					holds, whether he or she is a nominee for election as director at the
					meeting.
2. The present principal
					occupation or employment and the name and principal business of any corporation
					or other organization in which the employment is carried on. Similar
					information as to all of the person's principal occupations or employments
					during the last 5 years must be furnished unless the person is now a director
					and was elected to his or her present term of office by a vote of security
					holders at a meeting for which proxies were solicited under NAC 693A.010 to
					693A.560, inclusive.
3. If the
					person is or has previously been a director of the insurer, the information
					must include the period or periods during which he or she has served as
					such.
4. The information must
					state, as of the most recent practicable date, the approximate amount of each
					class of equity securities of the insurer or any of its parents, subsidiaries
					or affiliates, other than directors' qualifying shares, beneficially owned
					directly or indirectly by him or her. If he or she is not the beneficial owner
					of any securities, a statement made to that effect. The information must be
					arranged in tabular form to the extent possible.
Comm'r of Insurance,
						Schedule A item 6, eff. 5-13-72-NAC A 6-28-96
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.380 - Remuneration and other transactions

Current through June 11, 2024
1. The information
					reported or required in Item 1 of Schedule SIS* under the hearing "Information
					Regarding Management and Directors" must be furnished if action is to be taken
					with respect to:
(a) The election of
					directors;
(b) Any remuneration
					plan, contract or arrangement in which any director, nominee for election as a
					director, or officer of the insurer will participate;
(c) Any pension or retirement plan in which
					any such person will participate; or
(d) The granting or extension to any such
					person of any options, warrants or rights to purchase any securities, other
					than warrants or rights issued to security holders, as such, on a pro rata
					basis.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.390 - Bonus, profit-sharing and other remuneration plans

Current through June 11, 2024
If action is to be taken with respect to any bonus,
						profit-sharing or other remuneration plan of the insurer, the following
						information is required:
1. A brief
					description of the material features of the plan, each class of persons who
					will participate therein, the approximate number of persons in each class and
					the basis of participation.
2. The
					amounts which would have been distributable under the plan during the last
					calendar year to:
(a) Each person named in NAC
					693A.380;
(b) Directors and
					officers as a group; and
(c) All
					other employees as a group,
if the plan had been in effect during that
						year.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.400 - Pension and retirement plans

Current through June 11, 2024
1. If action is to
					be taken with respect to any pension or retirement plan of the insurer, the
					following information is required:
(a) A brief
					description of the material features of the plan, each class of persons who
					will participate therein, the approximate number of persons in each such class,
					and the basis of participation.
(b)
					A statement of:
(1) The approximate total
					amount necessary to fund the plan with respect to past services, the period
					over which such amount is to be paid, and the estimated annual payments
					necessary to pay the total amount over that period;
(2) The estimated annual payments to be made
					with respect to current services; and
(3) The amount of annual payments to be made
					for the benefit of:
(I) Each person named in
					NAC 693A.380;
(II) Directors and
					officers as a group; and
(III)
					Employees as a group.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.410 - Options, warrants and rights

Current through June 11, 2024
If action is to be taken with respect to the granting or
						extension of any warrants, including options or other rights, to purchase
						securities of the insurer or any subsidiary or affiliate, other than warrants
						issued to all security holders on a pro rata basis, the following information
						is required:
1. The title and amount
					of securities called for or to be called for, the prices, expiration dates and
					other material conditions upon which the warrants may be exercised, the
					consideration received or to be received by the insurer, subsidiary or
					affiliate for the granting or extension of the warrants and the market value of
					the securities called for or to be called for by the warrants, as of the latest
					practicable date.
2. If the amount
					is known, a separate statement of the total amount of securities called for or
					to be called for by warrants received or to be received by the following
					persons, naming each person:
(a) Each person
					named in NAC 693A.380; and
(b) Each
					other person who will be entitled to acquire 5 percent or more of the
					securities called for or to be called for by such warrants.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.420 - Authorization or issue of securities

Current through June 11, 2024
1. If action is to
					be taken with respect to the authorization or issuance of any securities of the
					insurer, the title, amount and description of the securities to be authorized
					or issued must be furnished.
2. If
					the securities are other than additional shares of common stock of a class
					outstanding, a brief summary of dividend, voting, liquidation, preemptive and
					conversion rights, redemption and sinking fund provisions, interest rate and
					date of maturity must be furnished if applicable.
3. If the securities to be authorized or
					issued are other than additional shares of common stock of a class outstanding,
					the Commissioner of Insurance may require financial statements comparable to
					those contained in the annual report.
Comm'r of Insurance,
						Schedule A item 11, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.430 - Mergers, consolidations and acquisitions

Current through June 11, 2024
1. If
					action is to be taken with respect to a merger, consolidation, acquisition or
					similar matter, the following information outlined briefly must be furnished:
(a) The rights of appraisal or similar rights
					of dissenters with respect to any matters to be acted upon, and any procedure
					required to be followed by dissenting security holders in order to perfect such
					rights.
(b) The material features
					of the plan or agreement.
(c) The
					business done by the company to be acquired or whose assets are being
					acquired.
(d) If available, the
					high and low sales prices for each quarterly period within 2 years.
(e) The percentage of outstanding shares
					which must approve the transaction before it may be consummated.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.440 - Restatements of accounts

Current through June 11, 2024
If action is to be taken with respect to the restatement of an
						asset, capital or surplus account of the insurer, the following information
						must be furnished:
1. The nature of
					the restatement and the date on which it is to become effective.
2. A brief outline of the reasons for the
					restatement and for the selection of the particular effective date.
3. The name and amount of each account
					affected by the restatement and the effect of the restatement
					thereon.
Comm'r of Insurance,
						Schedule A item 13, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.450 - Other information

Current through June 11, 2024
If action is to be taken with respect to any matter which is
						not required to be submitted to a vote of security holders, the statement must
						state the nature of the matter, the reason for submitting it to a vote of
						security holders and what action is intended to be taken by the management in
						the event of a negative vote on the matter by the security holders.
Comm'r of Insurance,
						Schedule A item 14, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY AND INFORMATION STATEMENTS › Section 693A.460 - Amendments to charter and bylaws

Current through June 11, 2024
If action is to be taken with respect to any amendment of the
						insurer's charter, bylaws or other documents as to which information is not
						required by NAC 693A.010 to 693A.560, inclusive, the statement must show the
						reasons for, and general effect of, the amendment and the vote needed for its
						approval.
Comm'r of Insurance,
						Schedule A item 15, eff. 5-13-72-NAC A 6-28-96
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY SOLICITATIONS FOR ELECTION CONTESTS › Section 693A.510 - Election contests

Current through June 11, 2024
The information set forth in NAC 693A.520 to 693A.560,
						inclusive, is required for statements filed by or on behalf of a participant
						other than the insurer, as part of a proxy solicitation for an election
						contest.
Comm'r of Insurance,
						M-4, supplied in codification
NRS
							679B.130,
							693A.100
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY SOLICITATIONS FOR ELECTION CONTESTS › Section 693A.520 - Insurer name and address

Current through June 11, 2024
The report required by NAC 693A.510 must contain the name and
						address of the insurer.
Comm'r of Insurance,
						Schedule B item 1, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY SOLICITATIONS FOR ELECTION CONTESTS › Section 693A.530 - Contestant name and background

Current through June 11, 2024
A report required by NAC 693A.210 to 693A.250, inclusive, must
						contain the following information about the contestant:
1. Name and business address.
2. Present principal occupation or employment
					and the name, principal business and address of any corporation or other
					organization in which employment is carried on.
3. Residence address of the
					contestant.
4. Information as to
					all material occupations, positions, offices or employments during the last 10
					years, giving starting and ending dates of each and the name, principal
					business and address of any business corporation or other business organization
					in which each occupation, position, office or employment was carried
					on.
5. Whether or not the
					contestant is or has been a participant in any other proxy contest involving
					this company or other companies within the past 10 years. If so, the identity
					of the principals, the subject matter and relationship to the parties and the
					outcome.
6. Whether or not, during
					the past 10 years, the contestant has been convicted in a criminal proceeding
					(excluding traffic violations or similar misdemeanors) and, if so, the dates,
					nature of conviction, name and location of court, and penalty imposed or other
					disposition of the case. A negative report of the information required by this
					subsection need not be included in the proxy statement or other proxy
					soliciting material.
Comm'r of Insurance,
						Schedule B item 2, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY SOLICITATIONS FOR ELECTION CONTESTS › Section 693A.540 - Interest of the contestant

Current through June 11, 2024
The contestant shall include as part of his or her statement
						the following information:
1. The
					amount of each class of securities of the insurer owned beneficially, directly
					or indirectly.
2. The amount of
					each class of securities of the insurer owned of record but not
					beneficially.
3. With respect to
					all securities of the insurer purchased or sold within the past 2 years, the
					dates on which they were purchased or sold and the amount purchased or sold on
					each such date.
4. If any part of
					the purchase price or market value of any of the securities specified in
					subsection 3 is represented by money borrowed or otherwise obtained for the
					purpose of acquiring or holding such securities, a statement of the amount of
					the indebtedness as of the latest practicable date. If the money was borrowed
					or obtained otherwise than pursuant to a margin account or bank loan in the
					regular course of business of a bank, broker or dealer, a brief description of
					the transaction, and the names of the parties.
5. Whether or not the contestant is a party
					to any contracts, arrangements or understandings with any person with respect
					to any securities of the insurer, including but not limited to joint ventures,
					loan or option arrangements, puts or calls, guarantees against losses or
					guarantees of profits, division of losses or profits, or the giving or
					withholding of proxies. If so, the names of persons with whom the contracts,
					arrangements of understandings exist and the details thereof.
6. A statement of the amount of securities of
					the insurer owned beneficially, directly or indirectly, by each of the
					associates of the contestant and the name and address of each
					associate.
7. A statement of the
					amount of each class of securities of any parent, subsidiary or affiliate of
					the insurer which the contestant owns beneficially, directly or
					indirectly.
Comm'r of Insurance,
						Schedule B item 3, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY SOLICITATIONS FOR ELECTION CONTESTS › Section 693A.550 - Other information

Current through June 11, 2024
1. A statement of
					the time and circumstances under which each contestant became a participant in
					the solicitation and the nature and extent of his or her activities as a
					participant.
2. A brief description
					of, and where practicable a statement of the approximate amount of, any
					material interest, direct or indirect, of the contestant and of each of his or
					her associates in any material transactions since the beginning of the
					company's last fiscal year, or in any material proposed transactions, to which
					the company or any of its subsidiaries or affiliates was or is to be a
					party.
3. A statement showing
					whether or not the contestant or any of his or her associates have any
					arrangement or understanding with any person:
(a) With respect to any future employment by
					the insurer or its subsidiaries or affiliates; or
(b) With respect to any future transactions
					to which the insurer or any of its subsidiaries or affiliates will or may be a
					party,
and if so, a description of the arrangement or understanding and
						the names of the parties thereto.
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › PROXY SOLICITATIONS FOR ELECTION CONTESTS › Section 693A.560 - Signature of statements

Current through June 11, 2024
The statement must be dated and signed in substantially the
						following manner:
I certify that all the information contained in this statement
						is true, complete and correct, to the best of my knowledge and belief.
.................................................................
						...........................................................
(Date) (Signature of participant or authorized
						representative)
Comm'r of Insurance,
						Schedule B item 5, eff. 5-13-72
NRS
							679B.130
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.600 - Definitions

Current through June 11, 2024
As used in NAC 693A.600 to 693A.770, inclusive, and sections 2
						and 3, unless the context otherwise requires, the words and terms defined in
						NAC 693A.610 to 693A.660, inclusive, and sections 2 and 3 have the meanings
						ascribed to them in those sections.
Added to NAC by Comm'r
						of Insurance, eff. 6-28-96; A by
						R094-14,
						eff. 12/21/2015
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.610 - "Accredited state" defined

Current through June 11, 2024
"Accredited state" means a state in which the agency which
						regulates insurance in that state has qualified as meeting the minimum
						financial regulatory standards established and promulgated from time to time by
						the National Association of Insurance Commissioners.
Added to NAC by Comm'r
						of Insurance, eff. 6-28-96; A by
						R094-14,
						eff. 12/21/2015
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.620 - "Broker" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r
						of Insurance, eff. 6-28-96; A by R054-12, 11-1-2012; R by
						R094-14,
						eff. 12/21/2015
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.630 - "Captive insurer" defined

Current through June 11, 2024
"Captive insurer" means an insurance company which is owned
						by:
1. A parent organization and whose
					exclusive purpose is to insure risks of the parent organization and any
					affiliated companies of the parent organization; or
2. More than one insured and whose exclusive
					purpose is to insure risks of the insureds and members of the insureds, if any,
					and any affiliates of the insureds or the members of the insureds.
Added to NAC by Comm'r
						of Insurance, eff. 6-28-96
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.640 - "Control" and "controlled" defined

Current through June 11, 2024
"Control" or "controlled" has the meaning ascribed to "control"
						in
						NRS
						692C.050.
Added to NAC by Comm'r
						of Insurance, eff. 6-28-96; A by
						R094-14,
						eff. 12/21/2015
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.645 - "Controlled insurer" defined

Current through June 11, 2024
"Controlled insurer" means a licensed insurer which is
						domiciled in this State or an insurer which is domiciled in a state that is not
						an accredited state and which is controlled by a producer. The term does not
						include:
1. Residual market
					pools;
2. Joint underwriting
					authorities or associations; and
3.
					Captive insurers, other than risk retention groups covered by
					15 U.S.C. §
									3902,
					42 U.S.C. §
									9673 and chapter 695E of NRS.
Added to NAC by Comm'r
						of Insurance, eff. 6-28-96; A by
						R094-14,
						eff. 12/21/2015
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.650 - "Controlling producer" defined

Current through June 11, 2024
"Controlling producer" means a producer who controls an
						insurer.
Added to NAC by Comm'r
						of Insurance, eff. 6-28-96; A by
						R094-14,
						eff. 12/21/2015
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.665 - "Licensed insurer" defined

Current through June 11, 2024
"Licensed insurer" means a person, firm, association or
						corporation duly licensed to transact property and casualty insurance business
						in this State.
Added to NAC
						by Comm'r of Insurance, by
						R094-14,
						eff. 12/21/2015
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.667 - "Producer" defined

Current through June 11, 2024
"Producer" has the meaning ascribed to "producer of insurance"
						in
						NRS
						679A.117.
Added to NAC
						by Comm'r of Insurance, by
						R094-14,
						eff. 12/21/2015
NRS
							679B.130,
							693A.110
Nevada Administrative Code › Chapter 693A - Corporate Powers and Procedures of Domestic Stock and Mutual Insurers › MANAGEMENT AND AGENCY CONTRACTS OF CONTROLLED INSURERS › Section 693A.670 - Applicability

Current through June 11, 2024
1. Except as otherwise provided in subsection
					2 or 3, the provisions of NAC 693A.600 to 693A.770, inclusive, and sections 2
					and 3 of this regulation apply to licensed insurers:
(a) Domiciled in this State or in a state
					that is not an accredited state and does not have in effect a substantially
					similar law; and
(b) Who, in any
					calendar year, have an aggregate amount of gross written premium on business
					placed with a controlled insurer by a controlling producer equal to or greater
					than 5 percent of the admitted assets of the controlled insurer, as reported in
					the controlled insurer's quarterly financial statement filed on or before
					September 30 of the immediately preceding calendar year.