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)
U.S. Court of Appeals Vacates 151A
Federal Court of Appeals Vacates SEC Rule on Indexed Annuity Contracts
SEC Rule 151A Vacated by D.C. Circuit Court of Appeals!
D.C. Circuit Court Vacates Rule 151A as Arbitrary and Capricious
And, of course, the Agent’s Sales Journal 151A Resource Center.
Update: Here is the official order to vacate Rule 151A.
About Christina Pellett
Christina Pellett is the editor of the Agent's Sales Journal. She can be reached at 800-933-9449 ext. 226 or cpellett@sbmedia.com.
I’m glad that common sense prevailed. Had the SEC regulated indexed annuities, to some extent, these products would be less available to consumers who want/need them the most.