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Indexed Annuities and Certain Other Insurance Contracts (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)

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eBook details

  • Title: Indexed Annuities and Certain Other Insurance Contracts (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
  • Author : The Law Library
  • Release Date : January 21, 2018
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 402 KB

Description

The Law Library presents the complete text of the Indexed Annuities and Certain Other Insurance Contracts (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition).
Updated as of May 29, 2018

We are adopting a new rule that defines the terms “annuity contract” and “optional annuity contract” under the Securities Act of 1933. The rule is intended to clarify the status under the federal securities laws of indexed annuities, under which payments to the purchaser are dependent on the performance of a securities index. The rule applies on a prospective basis to contracts issued on or after the effective date of the rule. We are also adopting a new rule that exempts insurance companies from filing reports under the Securities Exchange Act of 1934 with respect to indexed annuities and other securities that are registered under the Securities Act, provided that certain conditions are satisfied, including that the securities are regulated under state insurance law, the issuing insurance company and its financial condition are subject to supervision and examination by a state insurance regulator, and the securities are not publicly traded.

This ebook contains:
- The complete text of the Indexed Annuities and Certain Other Insurance Contracts (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure


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