Current through Register Vol. 54, No. 49, December 7, 2024
Section 23.24 - Information statement to security holders(a) If no solicitation is being made by the management of the insurer with respect to an annual meeting, or other meeting, the insurer shall mail to every security holder of record, at least 20 days prior to the meeting date, an information statement as required by § 23.5 (relating to disclosure of equivalent information) containing the information called for by Schedule A, as described in Subchapter F (relating to required information for Schedules A and B), other than Items 1, 3 and 4 thereof, which would be applicable to any matter to be acted upon at the meeting if proxies were solicited in connection with the meeting.(b) If the information statement relates to an annual meeting at which directors are to be elected, it shall be accompanied by an annual report to those security holders in the form provided in § 23.22 (relating to financial statements accompanying proxies). This section cited in 31 Pa. Code § 23.5 (relating to disclosure of equivalent information); and 31 Pa. Code § 23.54 (relating to annual reports).