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12/25/2008 News For: Varible AnnuitiesA.M. Best Comments on Securities and Exchange Commissions Decision to Regulate Indexed Annuities as Securities OLDWICK, N.J.----On December 17, 2008, the Securities and Exchange Commission voted 4 to 1 to adopt SEC Rule 151A. In essence, this rule reclassifies indexed annuities as securities and not insurance products, now subjecting them to investor protection under the federal securities laws. SEC Designates Fixed Annuities as Securities The SEC today approved the adoption of a new rule designating indexed annuities as securities. Recent Money Magazine Special Section Features Information, Quotes from AnnuityAdvantage.com Money magazine special annuity section contains information, quotes from popular consumer Web site AnnuityAdvantage.com. Ask the Pensions Expert Pension deferrals, NI rules and annuity rates: all your questions answered by Malcolm McLean. Protective Life Announces Results of Life Insurance and Annuity Study BIRMINGHAM, Ala.----Protective Life Insurance Company announced today the results of a new proprietary study sponsored by Protective Life of financial advisors that measured their interest in life insurance and annuity products as part of their clients? overall financial plans. Business Briefs San Luis Trust Bank is holding its third annual Warm Coat Drive and is participating in the Secret Santa Program through today. Regulators May Ease Reserve Rules as Insurers? Options Dwindle Dec. 19 -- State insurance regulators are seeking to ease reserve requirements for life insurers, increasing the companies? liquidity as investors and banks curtail funding of the industry. |