(a) A person, in violation of any rule adopted by the commissioner under this section,
may not solicit or permit the use of the person's name to solicit a proxy, consent,
or authorization with respect to an equity security, other than an exempt security,
of a domestic stock insurer that is not listed on a national securities exchange registered
as such under the federal Securities Exchange Act.
(b) Unless before an annual or other meeting a proxy, consent, or authorization with
respect to a security of a domestic stock insurer covered by Subsection (a) is solicited
by or on behalf of the management of the insurer from a holder of record of the security
in compliance with rules adopted by the commissioner under this section, the insurer
shall, in accordance with rules adopted by the commissioner, file with the department
information substantially equivalent to the information that would be required to
be sent if a solicitation were made. The insurer shall send the information to each holder of record of the security.
(c) The commissioner may adopt rules to implement this section that the commissioner
considers necessary or appropriate in the public interest or for the protection of
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