Variable Contract Registration and Disclosure Requirements

SELECTED PROBLEMS AND DEVELOPMENTS IN VARIABLE CONTRACT DISCLOSURE AND REGISTRATION UNDER THE 1933 AND 1940 ACTS ARE DISCUSSED. INCREASING SENSITIVITY TO THE RIGHTS AND INTERESTS OF CONSUMERS GIVES HEIGHTENED IMPORTANCE TO THE BENEFITS THAT CAN FLOW FROM AND THE REQUIREMENTS THAT WILL BE IMPOSED IN...

Full description

Saved in:
Bibliographic Details
Published in:The Business lawyer 1977-03, Vol.32, p.747-778
Main Authors: Kroll, Milton P., JONES, J. SUMNER, KEMP, EVAN J., COHEN, GARY O., BEACH, MARY E. T.
Format: Article
Language:English
Subjects:
Annuities
Annuity payments
Business structures
Contracts
Disclosure
Insurance companies
Insurance industry
Insurance premiums
Insurance regulation
Investment companies
Investors
Registration
SEC regulations
Variable
Variable annuities
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:SELECTED PROBLEMS AND DEVELOPMENTS IN VARIABLE CONTRACT DISCLOSURE AND REGISTRATION UNDER THE 1933 AND 1940 ACTS ARE DISCUSSED. INCREASING SENSITIVITY TO THE RIGHTS AND INTERESTS OF CONSUMERS GIVES HEIGHTENED IMPORTANCE TO THE BENEFITS THAT CAN FLOW FROM AND THE REQUIREMENTS THAT WILL BE IMPOSED IN THE REGISTRATION AND DISCLOSURE PROCESS. SIMULTANEOUSLY, VARIABLE INSURANCE PRODUCTS ARE SO NEW THAT THEY PROVIDE A PARTICULARLY APT MEDIUM FOR DISCLOSURE INNOVATION AND EXPERIMENTATION THAT COULD ULTIMATELY CARRY OVER TO OTHER, MORE TRADITIONAL, INSTRUMENTS OF COMMERCE. IT IS SUGGESTED THAT THE FUTURE FOR REGULATION OF THE NEW COLLECTIVE INVESTMENT MEDIA LIES IN THE DISCLOSURE END OF THE SECURITIES LAWS RATHER THAN IN THE BINDING REGULATORY FRAMEWORK OF THE 1940 ACT, WHICH WAS INTENDED TO TAKE CARE OF SPECIFIC PROBLEMS AND ABUSES RELATED TO OTHER PRODUCTS.
ISSN:0007-6899
2164-1838