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SEC

RIN: 3235-AK16

Publication ID: Fall 2008

Title: ●Indexed Annuities and Certain Other Insurance Contracts
Abstract: The Commission proposed a new rule to define the terms "annuity contract" and "optional annuity contract" under the Securities Act. The proposed 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 Commission also proposed to exempt insurance companies from filing reports under the Exchange Act with respect to indexed securities and other insurance securities registered under the Securities Act, provided that 1) the securities are regulated under State insurance law, 2) the issuing insurance company and its financial condition are subject to supervision and examination by a State insurance regulator, and 3) the securities are not publicly traded.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 17 CFR 230.151A 17 CFR 240.12h-7
Legal Authority: 15 USC 77c(a)(8) 15 USC 77s(a) 15 USC 78l(h) 15 USC 78m 15 USC 78o 15 USC 78w(a) 15 USC 78mm

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	07/01/2008	73 FR 37762
NPRM Comment Period End	09/10/2008
NPRM Comment Period Reopened	10/17/2008	73 FR 61753
NPRM Comment Period End	11/17/2008
Final Action	12/00/2008

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: Undetermined
Included in the Regulatory Plan: No
RIN Information URL: www.sec.gov/rules/proposed/2008/33-8933fr.pdf
RIN Data Printed in the FR: No
Agency Contact: Michael Kosoff Division of Investment Management Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-6754 Email: kosoffm@sec.gov