1973 – SEC – Variable Life Insurance and the Petition for the Issuance and Amendment of Exemptive Rules, Securities and Exchange Commission – 205p

(p78) - Curiously, although the NAIC claimed that the disclosure requirements of the federal securities laws would interfere with their regulation, Commissioner Barger testified that the type of disclosure presently required under the Securities Act for variable annuities may actually help the state insurance commissioner regulate variable insurance, (Tr.1683-84) and the NAIC is attempting to impose upon the issuers of variable insurance products a limited disclosure requirement in the form of a "mini-prospectus."
- [Bonk: Commissioner Barger =