Hearings, Reports and Prints of the Senate Committee on the District of Columbia
U.S. Government Printing Office, 1964 - Legislative hearings
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action administrative adopted agents amendments appear application Association of Insurance authority become believe bill Board broker-dealer bureau casualty Casualty Rating Chairman Commission Commissioners committee competition concerned Congress consideration considered contracts Court Department deviation District of Columbia effect enacted existing experience fact favor Federal feel filing fire follows fund give hearing House independent industry Insurance Agents insurance companies insurance rates investment issue legislation letter license loss matter meet NAIC National Association necessary offer operation period person plans position practices present president prior approval problem proposed protection public interest question rating law rating organization reasonable record referred regulation regulatory represent require respect result risk rule securities selling Senator DOMINICK Senator HARTKE Senator MCINTYRE Service specifically statement subcommittee tion United variable annuities Washington
Page 214 - I find this conclusion more impressed upon me, — that the greatest thing a human soul ever does in this world is to see something, and tell what it saw in a plain way. Hundreds of people can talk for one who can think, but thousands can think for one who can see. To see clearly is poetry, prophecy, and religion, — all in one.
Page 74 - To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading...
Page 18 - ... by means of a prospectus or oral communication, which includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements, in the light of the circumstances under which they were made, not misleading (the purchaser not knowing of such untruth or omission...
Page 1 - When used in this title, unless the context otherwise requires — (1) the term "security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, or, in...
Page 150 - Act, as amended, shall be applicable to the business of insurance to the extent that such business is not regulated by State law.
Page 97 - The purpose of this act is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate or unfairly discriminatory...
Page 17 - For the purpose of any such investigation^ or any other proceeding under this title, any member of the Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry. Such attendance of witnesses and the production of any such records may be required from...
Page 6 - Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him may tend to incriminate him or subject him to a penalty or forfeiture...
Page 68 - No policy of group insurance shall be issued or delivered in this state unless and until a copy of the form thereof has been filed with the commissioner of insurance and approved by him; nor shall such policy be so issued or delivered unless it contains in substance the following provisions.