Securities And Exchange Commission (SEC) Division Of Investment Management
Definition of "Securities and exchange commission (SEC) division of investment management"
One of four SEC divisions charged with regulating investment companies, investment advisers, and variable insurance products. The SEC requires variable insurance products to register with the SEC by filing a registration statement. This statement must include a prospectus, financial statement, exhibits, and a statement of any additional relevant information. This division is permitted to provide interpretive advice for laws and rulings that may seem to be unclear. This division also has the authority to grant exemptions from the SEC laws and rules if the insurance product does not fit within the regulatory parameters that it administers.
Popular Insurance Terms
Membership organization representing professional actuaries in all insurance fields in Canada including life and health, casualty, consulting and fraternal actuaries. A member must reside ...
Type of court bond filed on behalf of the defendant and used to release assets to him or her that have been attached pending a court decision. ...
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In homeowners insurance, usually an 80% coinsurance requirement, which means the insured must carry insurance on the value of a home on a replacement cost basis of at least 80%. For ...
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Agents' records showing when clients' policies expire. ...
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Collection of numbers to record and analyze data such as occurrences of events and particular characteristics. Statistics are absolutely vital to all elements of insurance. In life and ...
Coverage for a tenant with a favorable lease (enabling the lessee to rent premises for less than the market value). If the lease is canceled by the lessor because an insured peril (such as ...
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