Variable Annuities and Other Insurance Investment Products (Third Edition)

At a time when the SEC, FINRA, and state authorities are putting increasing regulatory pressure on the securities industry, the new Variable Annuities and Other Insurance Investment Products, Third Edition continues to provide comprehensive and accessible guidance to the many federal and state rules governing these instruments, as well as new coverage of other insurance investment products, such as SEC-registered fixed annuities. Every key area is addressed to clarify professional duties and compliance responsibilities, from product design, approval, administration and distribution, to marketing, inspections, and special investment products, including private placements and offshore investment products.

This treatise includes discussion of:

• State insurance licensing requirements for distributors of variable insurance products and state insurance suitability rules, including an update on recent rulemaking activity at the state level to enhance the standard of care under the suitability rules
• Key design elements that define index-linked variable annuities (ILVAs), the regulatory steps insurers must take in order to offer ILVAs, and recent regulatory initiatives and industry advocacy efforts that could lead to regulatory relief that would both foster the expansion of the current menu of ILVAs available in the market, and provide a springboard for ongoing innovative product development
• Life settlements, including a review of the unique issue governing life insurance policies and transferable property