October 26, 1990
TO: CONTRACTUAL PLANS COMMITTEE NO. 11-90
RE: INSTITUTE SUBMITS CONTRACTUAL PLAN MEMORANDUM TO
NASAA COMMITTEE
__________________________________________________________
As we previously informed you, the NASAA Investment Company
Registration/Trading Practices Committee has been charged with
reviewing the merits of contractual plans. In all likelihood,
the NASAA Committee will propose recommendations to NASAA
membership as to the course of action the states should take in
regulating contractual plans. The following individuals have
been appointed to the NASAA Committee:
Dee Harris, Chair (Arizona)
Micheal Northcutt, Vice Chair (Texas)
Diane Young-Spitzer (Massachusetts)
Bradley S. Carroll (Maryland)
Dennis Britson (Iowa)
Jim Fischer (Wisconsin)
Tammy Harthcock (Mississippi)
George Zengler (California)
A meeting of the contractual plan sponsors and the NASAA
Committee has been scheduled for 1:30 p.m., Friday, November 2,
1990, at the Crest Hotel on Town Lake, Statesman Room, in Austin,
Texas. In preparation for this meeting, the Institute sent the
attached memorandum to the NASAA Committee members. The
memorandum outlines the regulation and operation of contractual
plans and specifically addresses some of the concerns that have
been expressed by the various states with respect to contractual
plans.
A short planning session has also been scheduled prior to
the meeting with NASAA. This meeting has been scheduled for
10:00 a.m. at the Four Seasons Hotel (98 San Jacinto Boulevard,
Austin).
Patricia Louie
Assistant General Counsel
Attachment