(1) A solicitation subject to this sub-chapter may not be made unless each person solicited is concurrently furnished or has previously been furnished with a written proxy statement containing the information specified in ARM 6.6.1305 through ARM 6.6.1319.

(2) If the solicitation is made on behalf of the management of the insurer and relates to an annual meeting of stockholders at which directors are to be elected, each proxy statement, furnished pursuant to subsection (1) of this rule, shall be accompanied or preceded by an annual report (in preliminary of final form) to the stockholders containing those financial statements for the last fiscal year referred to in Schedule SIS of the insurer's annual statement under the heading "Financial Reporting to Stockholders". Subject to the preceding requirements with respect to financial statements, the annual report, stockholders may be in any form considered suitable by the management

(3) Two copies of each report sent to the stockholders pursuant to this rule shall be mailed to the commissioner of insurance not later than the date of which the report is first sent or given to stockholders or the date on which preliminary copies of solicitation material are filed pursuant to ARM 6.6.1323(1) , whichever date is later.