Word: wilkin
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Dates: during 1950-1959
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Last week SEC lost the test. District of Columbia Federal Judge Robert N. Wilkin held that SEC had no authority to supervise variable annuities, since Congress has given the states and the District of Columbia full power over all aspects of the insurance business...
...throwing out the SEC suit, Judge Wilkin may have helped to melt some of the solid opposition to variable annuities in most states. Only Arkansas, West Virginia, Kentucky and the District of Columbia have so far licensed home-based companies to sell the policies. With the precedent of a court decision, state insurance commissioners may well regard the variable annuity with a kindlier eye. Meanwhile, the two victorious District of Columbia companies, Variable Annuity Life Insurance Co. and Equity Annuity Life Insurance Co., plan to step up their selling campaigns...
Completely Stocked. In Hornell, N.Y., a deer wandered into Wilkin's sporting-goods store...