The U.S. Securities and Exchange Commission wants manufacturers of variable annuities and variable life contracts to help it distinguish between the electronic filings of different series and classes of contracts.[@@]
The SEC’s new final rule will affect life insurers that have registered variable contracts on Form N-3, Form N-4 or Form N-6.
The SEC will provide contract identifiers that will include 9 numerical digits and start with the letter “S” for a series and “C” for a class.
Contracts registered on Form N-3 may have more than 1 series identifiers but more than 1 contract identifier.