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
Decision in the absence of a plaintiff or defendant at the specified court time. ...
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Salaries plus commissions plus overhead expenses plus office rent plus fees charged for memberships in industry associations and bureaus plus guaranty association assessments plus taxes ...
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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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