211 CMR, § 13.03

Current through Register 1536, December 6, 2024
Section 13.03 - Disclosure of Equivalent Information

Unless proxies, consents or authorizations in respect of any class of equity security of a domestic insurer subject to section one hereof are solicited by or on behalf of the management of such insurer from the holders of record of such security in accordance with 211 CMR 13.00 and Schedules hereunder prior to any annual or other meeting of such security holders, such insurer shall, in accordance with 211 CMR 13.00 and such further regulations as the Commissioner may adopt, file with the Commissioner and transmit to all security holders of record information substantially equivalent to the information which would be required to be transmitted if a solicitation were made.

Such insurer shall transmit a written information statement containing the information specified in 211 CMR 13.05(4) to every security holder who is entitled to vote in regard to any matter to be acted upon at the meeting from whom a proxy is not solicited on behalf of the management of the insurer; provided, that in the case of a class of securities in unregistered or bearer form such statement need be transmitted only to those security holders whose names and addresses are known to the insurer.

211 CMR, § 13.03