Securities Act Of


Definition of "Securities act of 1933"

Landmark legislation passed by Congress providing the first regulation of the securities markets. The law, enforced by the securities and exchange commission (sec), requires registration of securities issues and disclosure of material information about the financial condition of the issuers. Variable annuity and variable life insurance policies have been determined to be securities under the terms of this law and thus are subject to regulation both by the SEC and by state insurance departments.

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Securities And Exchange Commission (sec)

Federal agency that regulates the securities markets. The independent, five-member commission was created under the Securities Exchange Act of 1934 to ...

Contribution

Principle of equity in property, casualty, and health insurance. When two or more policies apply to the loss, each policy pays its part of the loss, u ...

Financial Accounting Standards Board (fasb) 115

New rule entitled "Accounting for Certain Investments in Debt and Equity Securities," which requires most fixed maturity investments to be listed on t ...

Comprehensive Health Insurance

Complete coverage for hospital and physician charges subject to deductibles and coinsurance. This coverage combines basic medical expense policy and m ...

Camera And Musical Instruments Dealers Insurance

Coverage on an all risks basis for the insured's own property as well as property of others under the insured firm's care, custody, and control. Exclu ...

Expense

Cost of doing business, not including pure expectation of loss. ...

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