Annuities and the Securities and Exchange Commission Proposed Rule 151A

Description:

The Securities and Exchange Commission (SEC) recently released a proposed rule that would effectively reclassify equity indexed annuities as a security product in addition to being an insurance product. This report presents the different types of annuities, explains the taxation of annuities, and disentangles the federal and state roles in the regulation of annuities. It outlines the proposed SEC rule and its current status.
Creator(s):
Creation Date: October 22, 2008
Partner(s):
UNT Libraries Government Documents Department
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Congressional Research Service Reports
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Creator (Author):
Webel, Baird
Annuities and the Securities and Exchange Commission Proposed Rule 151A
Creator (Author):
Government and Finance Division
Publisher Info:
Place of Publication: Washington, D.C.
Original Creation Date: October 22, 2008
Description:

The Securities and Exchange Commission (SEC) recently released a proposed rule that would effectively reclassify equity indexed annuities as a security product in addition to being an insurance product. This report presents the different types of annuities, explains the taxation of annuities, and disentangles the federal and state roles in the regulation of annuities. It outlines the proposed SEC rule and its current status.
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Partner:
UNT Libraries Government Documents Department
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Collection:
Congressional Research Service Reports
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Resource Type: Text
Format: Text