"One exciting development, which will help advisory firms who want their perception to improve, is that the demand from UAE residents for more transparency will soon be addressed as the Insurance Authority, which regulates insurance brokers, has introduced draft regulations which proposes a cap on commissions for lump sum investments and fixed-term contractual plans
Sillitoe said in the case of insurance brokers, the Insurance Authority has introduced draft regulations which proposes a cap on commissions for lump sum investments and fixed-term contractual plans
For these hospitals, the Contractual Plans, Medicaid, and Commercial Insurance CMIs load highly on the first factor.
As in our previous analyses, Workmen's Compensation and Other Government Insurance exhibit the lowest factor loadings, while the Commercial Insurance and Contractual Plan loadings exhibit the highest weights.
Known as contractual plans
, they expect the service member to make payments for set periods (such as 15 years), with 50 percent of the first year's payments representing a sales charge paid to the selling broker-dealer.
The Securities and Exchange Commission, he said, asked Congress to ban products known as "contractual plans
," but lawmakers did not act.
The ABCs of Mutual Funds explains precisely how mutual funds, contractual plans
, hedge funds, exchange traded funds, folios, unit investment trusts, and variable annuities work, as well as the differences between full service and discount dealers, the legal obligations of stockbrokers, and much more.
In fact, a part of the Investment Company Act of 1940 that was amended in 1970 specifically provides for contractual plans. "Collecting a sales charge in the beginning pays an adviser to educate a prospect," he said.
Contractual plans especially make "great sense" for members of the military, Cozby said.
Although potentially providing returns equivalent to other products if steady payments are made over a long period, these contractual plans
proved more expensive to most military purchasers than other widely available alternative products because many military members stopped making payments in the first few years.
The bill also would require insurance agents selling products on military bases to disclose that subsidized coverage might be available from the federal government, and it would ban outright the sale of mutual fund contractual plans