(1) The proxy statement shall furnish the information reported or required in item 1 of Schedule SIS, of the insurer's annual statement filed pursuant to Section 33-2-701 , MCA, under the heading "Information Regarding Management and Directors" if action is to be taken with respect to:

(a) The election of directors;

(b) Any remuneration plan, contract or arrangement in which any director, nominee for election as a director, or officer of the insurer will participate;

(c) Any pension or retirement plan in which any director, nominee for director, or officer of the insurer will participate; or

(d) The granting or extension to any such person of any options, warrants, or rights to purchase any stocks, other than warrants or rights issued to stockholders, as such, on a prorata basis.

(2) If the solicitation is made on behalf of persons other than the management, information shall be furnished only as to Item lA of the heading of Schedule SIS specified in sub-section (1) of this rule.