Officials in a state that is home to several large issuers of equity-indexed annuities are reviewing the rules that govern indexed life and annuity products.
The Iowa Insurance Division has published a notice asking for comments about Iowa’s existing regulations relating to indexed annuity and indexed life products.
The division also will be reviewing general information about indexed products and models developed by the National Association of Insurance Commissioners, Kansas City, Mo., officials say.
Issuers of indexed products usually offer returns on the products that are fixed for a set period, but the issuers tie adjustments to those returns to the performance of stock market indices, bond market indices or other investment benchmarks.
A copy of the Iowa request for comments is on the Web at Document Link