Repeat Kansas commissioner of insurance rules and white collected proxies
First American Capital Corporation are revealed today the Kansas Office of the Commissioner of Insurance has chosen white proxies gathered by a group of dissident shareholders financed by citizens, Inc. (NYSE: CIA) from Austin, Texas, USA does can not be used to select nominees for dissidents of the First American Capital’s Board of Directors.
Today, writing the Kansas Insurance Department said:
“Regarding the vote on proxies collected by or on behalf of Riley, Oliver and Citizens, Inc. Commissioner, it appears that the use of these proxies is a violation of the Kansas holding companies insurance law. Objects their use in a certain way.
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