Comment on CFTC-2026-0331, CFTC-2026-0331-0001, Jason, Schupp
Jason SchuppSupportAdvocacy
Summary: The Centers for Better Insurance, LLC argues that the CFTC should affirmatively assert its authority over parametric insurance products, which they characterize as mislabeled event contracts or swaps. They contend that these products do not meet the criteria for the insurance safe harbor and that federal enforcement is necessary to prevent regulatory arbitrage and consumer confusion.
The attached comments address questions 12, 17 and 18 relating to insurance.