Rhode Island § 27-1-28 § 27-1-28. Proxies, consents, and authorizations in respect to any equity security issued by a domestic insurer.

Rhode Island Statutes

§ 27-1-28 — § 27-1-28. Proxies, consents, and authorizations in respect to any equity security issued by a domestic insurer.

Rhode Island § 27-1-28

Title 27Insurance

Ch. 27-1Domestic Insurance Companies

This text of Rhode Island § 27-1-28 (§ 27-1-28. Proxies, consents, and authorizations in respect to any equity security issued by a domestic insurer.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-1-28 (2026).

Text

§ 27-1-28. Proxies, consents, and authorizations in respect to any equity security issued by
               a domestic insurer.
(a) The commissioner may by regulations prescribe the form, content, and manner of solicitation
            of any proxy, consent, or authorization in respect of any equity security issued by
            a domestic insurer, which regulations when and if issued and in force shall substantially
            conform to those prescribed by the National Association of Insurance Commissioners.
         
(b) No domestic insurer, or any director, officer, or employee of the insurer or any other
            person shall solicit or permit the use of their name 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 27-1-28. Proxies, consents, and authorizations in respect to any equity security issued by a domestic insurer.

(a) The commissioner may by regulations prescribe the form, content, and manner of solicitation of any proxy, consent, or authorization in respect of any equity security issued by a domestic insurer, which regulations when and if issued and in force shall substantially conform to those prescribed by the National Association of Insurance Commissioners.

(b) No domestic insurer, or any director, officer, or employee of the insurer or any other person shall solicit or permit the use of their name to solicit, by mail or otherwise, any person to give or to refrain from giving any proxy, consent, or authorization in respect of any equity security issued by the insurer in contravention of any regulations the commissioner may prescribe pursuant to this section.

(c) From and after the date of issuance of any regulations by the commissioner, every proxy, consent, or authorization, and every form of written solicitation, announcement or advertisement to be used to obtain the proxy, consent, or authorization, that is intended to be used in respect of any meeting or procedure of equity security holders of a domestic insurer and is not exempted from the operation of the regulations by its terms shall be filed with the commissioner in the manner and at the times provided by the regulations by the person intending to use the written solicitation, announcement, or advertisement. For the purposes of this section, the term "personâ€� means an individual, a corporation, a partnership, an association, a joint stock company, a business trust, or an unincorporated organization.

(d) Failure to comply with any regulation of the commissioner made pursuant to this section shall be unlawful and any proxy, consent, or authorization obtained in violation of this section or in contravention of any regulation issued pursuant to this section shall be void. Any domestic insurer or any person legally entitled to vote or to give the person's consent or authorization with respect to the equity security, or the commissioner, may enforce compliance with the regulations of the commissioner made pursuant to this section by appropriate action at law or in equity; provided, that no action shall be brought more than fifteen (15) days after the date of the meeting at which a vote, consent, or authorization was purported to have been recorded.