SECURITIES ISSUED BY INSURANCE COMPANIES


55 Pa. D. & C. 2d 157 (1972)

Securities Issued by Insurance Companies

Common Pleas Court of Philadelphia County, Pennsylvania.

January 31, 1972.


CREAMER, Attorney General, January 31, 1972.

You have both requested our opinion as to whether securities issued by insurance companies need be registered with and approved by the Pennsylvania Securities Commission. The Insurance Department takes the position that since it regulates, in certain respects, the issuance of stock by insurance companies, the Securities Commission has no right to regulate such issues....

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