HRS §431:4-236
What insurers must tell stockholders when not asking for proxies
If an insurance company does not ask stockholders for their proxy votes before a meeting, it must still send them the same basic information it would have sent if it had asked. The company must also file this information with the insurance commissioner.
The statute, as written — Disclosure of equivalent information
Unless proxies, consents, or authorizations with respect to a stock of a domestic insurer, subject to section 431:4-231, are solicited by or on behalf of the management of the insurer from the holders of record of stock of the insurer in accordance with this part and the schedules thereunder prior to any annual or other meeting, the insurer shall file with the insurance commissioner and transmit to all stockholders of record information substantially equivalent to the information that would be required to be transmitted if a solicitation were made.
Sections this one refers to
§431:4-231 Which insurance companies this part covers
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