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Richard M. Boeckel, Editor
Proposals for Federal Control of Insurance
In Presenting the recommendations of Securities and Exchange Commission staff members on the subject of life insurance to the Temporary National Economic Committee, Commissioner Sumner T. Pike specifically refrained from urging direct federal regulation or control of the insurance business. He pointed out, however, that state regulation has proved inadequate in a few cases, and recommended that a new federal agency should be established to the end that:
The federal government assist the states in their efforts to strengthen their ...