Milwaukee — The National Association for Fixed Annuities (NAFA) is asking its members to write legislators, urging them to help blunt passage of a controversial rule.

Proposed by the Securities and Exchange Commission (SEC), Rule 151A would reclassify fixed annuities as securities, and subject them to regulation by the SEC, if enacted. When first proposed in June, Rule 151A elicited controversy, and a public comment period, which was due to close in September, was extended.

NAFA has launched a separate Web site, No 151A, to organize opposition to the proposed rule.

Source: National Association for Fixed Annuities

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access