<html> <head> <title>Rule 20:06:03:05 Disclosure of equivalent information.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:03:05"> <META NAME="Description" Content="Administrative Rules 20:06:03:05 Disclosure of equivalent information."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:03:05.&nbsp;&nbsp;Disclosure of equivalent information.</b> Unless proxies, consents or authorizations in respect of a stock of a domestic insurer subject to §&nbsp;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.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> SL 1975, ch 16, §&nbsp;1; 12 SDR 151, 12 SDR 155, effective July 1, 1986.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-4-1">58-4-1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-49">58-5-49.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-49">58-5-49.</A></p> </div> </body> </html>