According to representatives from each group, the fly-in’s primary purpose is to show support for S. 1389, the companion bill to H.R. 2733, or the Indexed Annuities and Insurance Products Classification Act of 2009 bill. Both are designed to classify fixed annuities as a non-security, which would essentially render moot the SEC’s attempts to do the opposite – call fixed annuities securities that are subject to SEC control and oversight.
So what does this all mean to you? Well, Allison Bell of National Underwriter will be in D.C. starting this Tuesday evening, and will be tweeting live from the fly-in all day Wednesday, March 17. You can keep up with Allison’s updates at National Underwriter’s dedicated 151A fly-in page, or follow the discussion on Twitter - she and others tweeting about the event will be using the hashtag #rule151a.
If you’re at the fly-in, or if you’re just interested in what’s going on, feel free to follow Allison, discuss the event and related issues with one another, and ask Allison your 151A questions.
You can also check out the IFAAC’s Twitter feed and follow the coalition for additional updates.
We’ll be covering specific angles related to the fly-in, and keeping you up-to-date on Rule 151A and more. So even if you can’t make it to D.C. this week, you can still stay in touch with others at the fly-in, and make your voice heard.
Christina Pellett is the editor of the Agent’s Sales Journal.