Hearings, Reports and Prints of the Senate Committee on the District of ColumbiaU.S. Government Printing Office, 1964 - Legislative hearings |
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Page 42
... specifically enjoined . Both the Federal SEC and the Securities Administrator for the State of Maryland feel strongly that the power to suspend prior to hearing is absolutely essential to put effective teeth into securities reg- ulation ...
... specifically enjoined . Both the Federal SEC and the Securities Administrator for the State of Maryland feel strongly that the power to suspend prior to hearing is absolutely essential to put effective teeth into securities reg- ulation ...
Page 61
... specifically to con- sider the Investment Bankers Association's proposed amendment to include vari- able annuities in the bill . Mr. Tobriner stated that the Commissioners agreed that dual regulation was neither necessary nor desirable ...
... specifically to con- sider the Investment Bankers Association's proposed amendment to include vari- able annuities in the bill . Mr. Tobriner stated that the Commissioners agreed that dual regulation was neither necessary nor desirable ...
Page 73
... specifically included a variable annuity in the definition of a security and thereby subjected salesmen of variable annuities to regulation under the bill . This is , we believe , as it should be . Persons engaged in the sale of ...
... specifically included a variable annuity in the definition of a security and thereby subjected salesmen of variable annuities to regulation under the bill . This is , we believe , as it should be . Persons engaged in the sale of ...
Page 74
... specifically including variable annuities as securities . I would also like to call attention to the fact that the North American Securities Administrators , an association composed of the chief securities administrators of every State ...
... specifically including variable annuities as securities . I would also like to call attention to the fact that the North American Securities Administrators , an association composed of the chief securities administrators of every State ...
Page 77
... specifically excluded . Would you say that was wrong ? Mr. AUGENBLICK . I would like to check that , Senator . I could not say it was wrong ; 23 sounds like a pretty big number . Well , I have some figures here for 1957 , but that is ...
... specifically excluded . Would you say that was wrong ? Mr. AUGENBLICK . I would like to check that , Senator . I could not say it was wrong ; 23 sounds like a pretty big number . Well , I have some figures here for 1957 , but that is ...
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Common terms and phrases
79th Congress administrative adopted ALAN BIBLE all-industry amendments antitrust application approval of rates Association of Insurance become effective believe broker-dealer business of insurance casualty insurance Casualty Rating Act casualty rating law Chairman Commission committee competition Congress D.C. DEAR SENATOR deviation disapproval District of Columbia enacted favor file-and-use filer fire and casualty fire rate law Fire Rating Act hearing Insurance Agents insurance business Insurance Commissioners insurance companies Insurance Department insurance industry insurance regulation Jordan legislation license McCarran Act McCarran-Ferguson Act model bill NAIC National Association OXENHAM policyholders position premium present prior approval proposed protection public interest Public Law 15 rate filings rate regulation rate regulatory ratemaking rating bureau rating organization reasonable requirements risk Senate District Subcommittee Senator BEALL Senator DOMINICK Senator HARTKE Senator MCINTYRE Senator MORSE solvency statement subscriber Superintendent of Insurance surance tion U.S. Senate underwriting variable annuities Washington
Popular passages
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 81 - ... security" or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.
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 148 - 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.