Section 20. Proxies, consents and authorizations

Latest version.

No domestic stock insurer, or any director, officer or employee of such insurer subject to 14VAC5-240-10, or any other person, shall solicit, or permit the use of his name to solicit by mail or otherwise, any proxy, consent or authorization in respect of any class of equity security of such insurer held of record by 100 or more persons in contravention of this chapter and Schedules A and B hereto annexed and hereby made a part of this chapter.

Historical Notes

Derived from Regulation 4, Case No. 18772, § 2, eff. April 1, 1970.

Statutory Authority

§ 38.2-202 of the Code of Virginia.

                    
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