Jim Poolman, former North Dakota insurance regulator and former vice president of the NAIC, led a compelling informational session Wednesday at SMAX on the ongoing developments and potential dangers of SEC 151A. Poolman, who currently works as a consultant to several companies who’ve filed suit against the SEC, says producers and companies still have opportunities to help overturn the controversial legislation. He warns, however, that with less than a year and a half left before 151A is set to go into effect, turning fixed indexed annuities into securities, those potentially affected need to act soon.
Don’t forget you can visit MyAlerts to manage your alerts at any time.