Democratic representative Gregory Meeks, along with republican representative Tom Price, has introduced the Indexed Annuities and Insurance Products Classification Act of 2009, a bill intended to preserve state authority over indexed annuities.
H.R. 2733, which has been referred to the House Committee on Financial Services, would reverse Rule 151A, which classifies indexed annuities as securities and, therefore, makes them subject to regulatory oversight from the SEC and the Financial Industry Regulatory Authority, or FINRA.
January 6, 2017
DOL tries to clarify QDIA regs on annuities in TDFs
November 29, 2016
New regs encourage split annuity pension option
October 26, 2016
Indexed annuity commission averages 4.6 percent
June 15, 2016
Annuity marketers network sues DOL over FIAs