Well, the battle (this battle, at least) has finally come to an end. Yesterday, the U.S. Federal Court of Appeals ruled that the SEC didn’t properly analyze the rule’s effect on the indexed annuity market, and tossed out 151A once and for all.
That’s right – if you haven’t heard it already, here it is: Indexed annuities will remain state-regulated, and remain classified as insurance products.
So to celebrate, we’ve gathered the most recent links on the event. Feel free to add your own!
The Battle of 151A: The Indexed Annuity Community Takes on the SEC (National Underwriter Life + Health)