Statutes, codes, and regulations
South Dakota Administrative Rules
Title 20 - PUBLIC SAFETYArticle 20:06 - INSURANCE
Chapter 20:06:03 - Domestic stock insurers
Section 20:06:03:05 - Disclosure of equivalent information

S.D. Admin. R. 20:06:03:05

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Current through Register Vol. 51, page 67, December 16, 2024
Section 20:06:03:05 - Disclosure of equivalent information

Unless proxies, consents or authorizations in respect of a stock of a domestic insurer subject to § 20:06:03:03 hereof are solicited by or on behalf of the management of such insurer from the holders of records of stock of such insurer in accordance with this chapter prior to any annual or other meeting, such insurer shall, in accordance with this chapter, file with the director of insurance and transmit to all stockholders of record information substantially equivalent to the information which would be required to be transmitted if a solicitation were made.

S.D. Admin. R. 20:06:03:05

SL 1975, ch 16, § 1; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-4-1, 58-5-49.

Law Implemented: SDCL 58-5-49.