The question was: Which of the following criteria apply in determining whether an index annuity qualifies as insurance?

a) The annuity is issued by an insurance company, subject to the supervision of the insurance commissioner or any state or territory of the U.S. or District of Columbia
b) The insurer must assume the investment risk under the contract
c) The contract is not marketed primarily as an investment
d) All of the above

The answer is: d), all of the above, according to a summary of the definition in Safe Harbor Rule 151 of the Securities Act of 1933, as provided by Sheryl Moore, president of AnnuitySpecs.com, Des Moines, Iowa.

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