July 1, 2009

Meeks-Price Legislation Now Has Senate Companion Bill
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June 12, 2009

NAFA: Senate Companion Bill for Meeks-Price Legistlation in Progress
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June 8, 2009

Meeks-Price Bill Introduced
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June 3, 2009

Update on Meeks-Price Legislation
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May 18, 2009

Case Against SEC’s Rule 151A Now In Hands Of The Court 
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May 8, 2009

EIA Oral Arguments Begin
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May 7, 2009

NAFA: Rule 151A Bill is Coming
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May 1, 2009

Rep. Meeks Notice to Members of Congress
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April 29, 2009

NAIC Supports Meeks Legislation
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April 22, 2009

NAIC Fires Back on EIAs
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April 20, 2009

SEC: Our Move on Index Annuities is “Reasonable”
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March 20, 2009

Rep Gregory Meeks’ Indexed Annuities and Insurance Products Classification Act of 2009
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February 27, 2009

Motion of Amicus, Allianz Life Insurance Company of North America, for Leave to File Memorandum in Support of Petitioners
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February 17, 2009

Opening brief of NAIC
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January 19, 2009

Insurance Companies, IMOs, File 151A Suit Against SEC
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January 17, 2009

Iowa Insurers Join Lawsuit Over SEC's New Rule on Annuities
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December 17, 2008

SEC Will Regulate Certain Index Annuities as Securities
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November 17, 2008

NAFA and the economic impact of 151A

Economic Impact Analysis of Proposed Rule 151A

Comment Cover

Comments on Dr. McCann's Analysis Submitted as Part of NASAA's Comment Letter to the SEC

October 14, 2008

SEC Extends 151A Comment Period
 
The Securities and Exchange Commission (SEC) has extended its comment period for proposed Rule 151A. Originally set for Sept. 10, the deadline was contested by many industry players and Congress people, who wrote to the SEC requesting an extension. At the time, that extension was not granted, though an SEC spokesman said the Commission would continue to take into consideration any letters that came in during their review process.

The SEC has announced the new comment period will end 30 days from the notice’s publication in the Federal Register. Kim O’Brien, executive director of the National Association for Fixed Annuities (NAFA), said that publication will likely be made the week of Oct. 20.

A release by the Commission indicated their decision was made primarily on the basis of the feedback they received.

“The Commission has received numerous letters, including from state insurance commissioners, members of Congress, and others, requesting that the comment period be extended,” the release read. “In general, these commenters indicated that an extension would help them analyze the proposal and prepare meaningful comments. In order to provide additional time for the public to thoroughly consider the proposal, and in view of the significant continuing public interest in the proposal, the Commission believes that it is appropriate to reopen the comment period.”

NAFA has said they will use the additional time to complete an economic interest analysis and obtain a statement of authority on the analysis from an independent third party.

Those wishing to comment on the proposed rule, which would reclassify index annuities as securities, may do so in several ways:

• Use the Commission’s Internet submission form at www.sec.gov/rules/proposed.shtml
• Send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it (include “File No. S7-14-08” in the subject line)
• Use the Federal eRulemaking Portal (www.regulations.gov), following the instructions for submitting comments
• Send paper comments in triplicate to Florence E. Harmon, Acting Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090

All comments should refer to File No. S7-14-08. The Commission has asked commenters to use only one method in order to help them process comments more efficiently.

For further information from the SEC, contact Keith E. Carpenter, senior special counsel, Office of Disclosure and Insurance Product Regulation, Division of Investment Management, at 202-551-6795, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-5720.

September 11, 2008

“NAFA Responds to Proposed Rule 151A, Discusses SEC’s Failure to Extend Comment Period”
Press Release
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September 8, 2008

“Furor builds on SEC indexed annuity oversight plan”
By Eileen Aj Connelly
Forbes.com
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September 7, 2008

“Indexed annuities draw fire”
By Janet Kidd Stewart
Baltimoresun.com
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August 27, 2008

“NAILBA's response to 151A”
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August 21, 2008

“NAIFA Board Votes to Oppose SEC Proposal on Indexed Annuities”
NAIFA Press Release
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August 18, 2008

“Sales of indexed annuities under increased scrutiny — Oak Harbor couple felt they were misled by insurance agent”
By Phuong Cat Le
Seattlepi.com
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August 16, 2008

“SEC Weighs Overhaul of 'Index' Annuities”
By Tom Lauricella
The Wall Street Journal
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August 11, 2008

“SEC Asked to Extend Comment Period on Index Annuity Rule”
Retirement Income Reporter
Financial Planning
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August 7, 2008

“Battle Looms on Indexed Annuities”
By Daisy Maxey
The Wall Street Journal
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August 5, 2008

“With Annuity sales down, Allianz cuts 100 workers”
By Chris Serres
StarTribune.com
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“Aviva USA to seek continued state regulation of indexed annuities”
Business Record
(Aviva responds to proposed Rule 151A)
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“A Pragmatist’s Guide To The SEC’s Proposed Rule 151A”
By Norse N. Blazzard and Judith A. Hasenauer
National Underwriter
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July 31, 2008

“State Regulator, SEC Chair Talk Annuities”
By Allison Bell
National Underwriter
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July 28, 2008

“Annuity sales to elderly worry regulators”
By Thomas Goldsmith
The News & Observer
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“SEC Seeks To Regulate Indexed Annuities Agents”
By Greg Bordonaro
Hartford Business
Editor’s note: Article quotes Chad Tope, senior vice president of annuities distribution, ING
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“Allianz Life Chief: Licensing a Tough Call Under Proposed Rule on Indexed Annuities”
By Fran Matso Lysiak
TMCnet.com
Editor’s note: Article quotes Gary Bhojwani, president and chief executive officer of Allianz Life
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July 24, 2008

“A.M. Best Comments on Securities and Exchange Commission's Proposal to Regulate Indexed Annuities as Securities”
By A.M. Best Company
Market Watch
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“Many Planners Pan Equity-Indexed Annuities”
By Paulette Miniter
Smart Money
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July 22, 2008

“Agents express concern about higher costs and loss of control over production”
By Darla Mercado
Investment News
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“State insurance regulators are angry about EIA proposal”
By Sara Hansard
Investment News
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July 8, 2008

“Buying protection, but at a high price”
By Chuck Jaffe
Market Watch
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June 26, 2008

“W.D.M. Insurer Vows to Fight Annuities Plan”
By S.P. Dinnen
Des Moines Register
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“American Equity Shares Slump on SEC Decision”
By S.P. Dinnen
Des Moines Register
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“Voss Calls for Teamwork As SEC Airs Proposal”
By Allison Bell
National Underwriter
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June 25, 2008