The Changing Face of Annuities Regulation: What Lies Ahead?

Dr. Steven N. Weisbart, CLU
February 28, 2009

This PowerPoint report, presented at the NCOIL 2009 Spring Meeting by Steven Weisbart, senior vice president and chief economist of the Insurance Information Institute, focuses on three aspects of annuities: regulation, consumer protection and what the future holds in store. The presentation also provides an explanation of some basic annuity types, including Immediate and deferred annuities and fixed and variable annuities. Fixed and variable annuities are currently defined as insurance products and regulated by the states while variable annuities are considered securities are regulated by the Securities and Exchange Commission (SEC). The report discusses separately the special case of indexed annuities, which are currently regulated by the states but which the SEC plans to declare are investment products and impose its regulatory authority. The report concludes with a lengthy discussion of marketing and suitability issues.

The following presentation is called "The Changing Face of Annuities Regulation: What Lies Ahead?". It was presented by Dr. Steven N. Weisbart on February 28, 2009.

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