I'm wading through the SEC comments on their proposed 151A - EIA's as securities. What I find is telling to your future business.
"What contracts should be covered by the proposed definition? Should the scope of contracts covered be articulated by reference to state law? Should the proposed definition extend to all annuity contracts, or should any annuity contracts be excluded? Should variable annuity contracts be covered by the proposed definition? Should the proposed definition apply to forms of insurance other than annuities, such as life insurance or health insurance?"
As they said in the movie Butch Cassidy and the Sun Dance Kid..."Who are those guys?" They are the guys that want to rule.
Page 36 and my eyes are bulging. Only bureaucrats can write like this!!!
"What contracts should be covered by the proposed definition? Should the scope of contracts covered be articulated by reference to state law? Should the proposed definition extend to all annuity contracts, or should any annuity contracts be excluded? Should variable annuity contracts be covered by the proposed definition? Should the proposed definition apply to forms of insurance other than annuities, such as life insurance or health insurance?"
As they said in the movie Butch Cassidy and the Sun Dance Kid..."Who are those guys?" They are the guys that want to rule.
Page 36 and my eyes are bulging. Only bureaucrats can write like this!!!
