Ga. Comp. R. & Regs. R. 120-2-7-.05 - Information to be Furnished to Security Holders
(1) No solicitation subject to this
regulation shall be made unless each person solicited is concurrently furnished
or has previously been furnished with a written proxy statement containing the
information specified in Rule
120-2-7-.12 hereof.
(2) If the solicitation is made on behalf of
the management of the insurer and relates to an annual meeting of
securityholders at which directors are to be elected, each proxy statement
furnished pursuant to (1) hereof shall be accompanied or preceded by an annual
report (in preliminary or final form) to such securityholders containing such
financial statements for the last fiscal year as are referred to in
"Stockholder Information Supplement to Annual Statement" under the heading
"Financial Reporting to Stockholders." Subject to the foregoing requirements
with respect to financial statements, the annual report to securityholders may
be in any form deemed suitable by the management.
(3) Two copies of each report sent to the
securityholders 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
securityholders or the date on which preliminary copies of solicitation
material are filed with the Commissioner pursuant to Rule
120-2-7-.07(1),
whichever date is later.
(4) If no
solicitation is being made by management of the insurer with respect to any
annual or other meeting, such insurer shall mail to every securityholder of
record at least twenty days prior to the meeting date, an information statement
as required by Rule
120-2-7-.03, which would be
applicable to any matter to be acted upon at the meeting if proxies were to be
solicited in connection with the meeting. If such information statement relates
to an annual meeting at which directors are to be elected, it shall be
accompanied by an annual report to such securityholders in the form provided in
subsection (2) hereof.
Notes
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