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.
March 14, 2014
Indexed annuity sales hit $11.5 billion in Q4 2013
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When should I recommend an annuity?
February 5, 2014
It’s time to tax all annuity agents
January 28, 2014
Running a pension or annuity fund cost more last month
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How to market annuities to baby boomers
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Annuities more popular than industry thinks