HRS §431:4-238
What must be given to stockholders before asking for their votes
Before asking a stockholder to vote, the company must give them a written proxy statement with required information. If the vote is for directors at an annual meeting, the company must also send an annual report with financial statements. The company must send two copies of the report to the insurance commissioner.
The statute, as written — Information to be furnished to stockholders [§431:4-238] Information to be furnished to stockholders
(a) No solicitation shall be made unless the person solicited is concurrently furnished or has previously been furnished with a written proxy statement containing the information required under schedule A pursuant to section 431:4-232. (b) If the solicitation is made on behalf of the management of the insurer and relates to an annual meeting of stockholders at which directors are to be elected, each proxy statement furnished pursuant to subsection (a) shall be accompanied or preceded by an annual report (in preliminary or final form) to the stockholders containing the financial statements for the last fiscal year as are included in the exhibit entitled "stockholders information supplement-financial reporting to stockholder". Subject to these requirements with respect to financial statements, the annual report to stockholders may be in any form deemed suitable by the management. (c) Two copies of each annual report sent to the stockholders pursuant to this part shall be mailed to the commissioner not later than the date on which the annual report is first sent or given to stockholders or the date on which preliminary copies of solicitation are filed with the commissioner, pursuant to section 431:4-240(a), whichever date is later.
Sections this one refers to
§431:4-240 Filing proxy materials with the insurance commissioner
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