Monday, January 19, 2009
Annuity Rule Challenged
Insurers Question SEC Jurisdiction Over Index Products
Insurance companies are challenging a Securities and Exchange Commission rule that treats indexed annuities as securities and forces them to accept federal regulation.
The product offers a return tied to the performance of a stock index and typically offers protection if stocks do poorly. Indexed annuities are mostly sold by insurance agents who are subject to state regulation...
WSJ: Annuity Rule Challenged
Insurance companies are challenging a Securities and Exchange Commission rule that treats indexed annuities as securities and forces them to accept federal regulation.
The product offers a return tied to the performance of a stock index and typically offers protection if stocks do poorly. Indexed annuities are mostly sold by insurance agents who are subject to state regulation...
WSJ: Annuity Rule Challenged
Permalink posted by markw @ 5:33 AM 
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