View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
SEC RIN: 3235-AK16 Publication ID: Spring 2009 
Title: Indexed Annuities and Certain Other Insurance Contracts  
Abstract: The Commission adopted a new rule that defines the terms "annuity contract" and "optional annuity contract" under the Securities Act. 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 Commission also adopted a new rule that exempts 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 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. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  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 Extended  10/17/2008  73 FR 61753   
NPRM Comment Period End  11/17/2008    
Final Action  01/16/2009  74 FR 3138   
Final Action Effective  01/12/2011    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.sec.gov/rules/final/2009/33-8996.pdf  
RIN Data Printed in the FR: Yes 
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