“This industry really falls into one of those gray areas, where a lot of state insurance commissioners can't regulate them because they are considered securities instruments.”
“Even though the insurance industry is like a ponzi scheme, it is a ponzi scheme we have all come to love.”
david atta (a.k.a davied attlars & mr dain)
“Without major change in our financial systems our country is headed towards being a lower middle class wasteland with pockets of great wealth secured by metal gates, fences and armed guards.”
“I thought the job of the regulator was to regulate, not to sit on the sidelines and let the industry create its own laws.”
“Regulatory modernization would keep states in charge of regulating insurance, but create a set of federal standards that would eliminate price controls and controls over policy forms.”
“Becoming a broker in multiple states is one of the things we are exploring, as regulations and data availability vary by state and we think this could help.”
“The park rides are regulated by the states as they see fit, ... It's a patchwork of regulations; there's no uniformity. Some states don't regulate them at all.”
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