Nev. Admin. Code § 693A.410

Current through November 8, 2024
Section 693A.410 - Options, warrants and rights

If action is to be taken with respect to the granting or extension of any warrants, including options or other rights, to purchase securities of the insurer or any subsidiary or affiliate, other than warrants issued to all security holders on a pro rata basis, the following information is required:

1. The title and amount of securities called for or to be called for, the prices, expiration dates and other material conditions upon which the warrants may be exercised, the consideration received or to be received by the insurer, subsidiary or affiliate for the granting or extension of the warrants and the market value of the securities called for or to be called for by the warrants, as of the latest practicable date.
2. If the amount is known, a separate statement of the total amount of securities called for or to be called for by warrants received or to be received by the following persons, naming each person:
(a) Each person named in NAC 693A.380; and
(b) Each other person who will be entitled to acquire 5 percent or more of the securities called for or to be called for by such warrants.
3. If the amount is known, a separate statement of the total amount of securities called for or to be called for by such warrants, received or to be received by all directors and officers of the company as a group and all employees, without naming the members of each group.

Nev. Admin. Code § 693A.410

Comm'r of Insurance, Schedule A item 10, eff. 5-13-72

NRS 679B.130