Variable Annuities Suitability

STATE OF CONNECTICUT - CT.gov Portal
Suitability in Annuity Transactions Model Regulation (NAIC Model)? A. not engage in the sale of annuities until the annuity training course has been completed. variable and indexed annuity contract provisions affect consumers; (4) ... Fetch Full Source

INVEStmENt PRoduCtS & SERVICES AdVISoRy - Alston & Bird LLP
SEC Approves FINRA’s Variable Annuities Rule The SEC announced on Monday September 10, 2007, that is has approved a new Financial Industry Regulatory Authority • imposes a specific suitability obligation for the sale or exchange of deferred ... Retrieve Content

Annuity Requirements By State - Quest CE | The Next ...
Become licensed to sell variable annuities and variable life they must have 4 hrs of annuity training in their pre-licensing course. suitability DO NOT require product specific training or annuity specific agent continuing education in ... Retrieve Full Source

Variable Annuity Purchase Disclosure And Suitability March 2012 2
Variable Annuities are considered to be a long-term investment. 2. There may be a substantial penalty (surrender fee) for early withdrawal, unless the investment is held for a Variable Annuity Purchase Disclosure and Suitability _March 2012_ _2_.doc ... Read More

Annuities - Welcome To FinancialCounsel.com Investor: Your ...
Variable Annuities estimates that the net assets in variable annuities as of December 31, “Exchanging Variable Annuities: An Optional test for Suitability”, working paper, December 19, 2003 at http://www.ifid.ca/pdf_workingpapers/WP2003DEC19.pdf. ... View Doc

Feature And Column *38 - Law Offices Of Steven Riess
Variable annuities are intended to be long term investments. The insurance company will charge a significant "sur- have always been subject to the suitability, disclosure and other requirements that apply to all securities." [FN15] In ... View Document

Testimony Of Sandy Praeger, Kansas Insurance Commissioner And ...
Have dealt with the sale of unsuitable annuities to senior citizens. Through the adoption of our suitability guidelines in Kansas and our enforcement activities we o Do I want a variable annuity with the potential for ... Fetch This Document

FLORIDA TIGHTENS LAWS ON SUITABILITY OF ANNUITY SALES TO SENIORS
Fraudulent sales of variable annuities and any other insurance products deemed “securities or investments” are already felonies under Section 517.302(1), with having violated the senior suitability statute, with regard to variable annuities, can defend ... Access Document

Regulatory Notice 10-05 - FINRA - Home Page
Deferred Variable Annuities FINRARemindsFirmsofTheirResponsibilitiesUnder FINRARule2330forRecommendedPurchasesor ExchangesofDeferredVariableAnnuities NoticeType DeferredVariableAnnuities PrincipalRe view SalesPractices Suitability ... Get Doc

Florida Senior Consumer Suitability Form ANNUITY SUITABILITY ...
Florida Senior Consumer Suitability Form ANNUITY SUITABILITY QUESTIONNAIRE Thank you for your interest in an Allianz annuity. ■ None ■ Certificates of deposit ■ Fixed annuities ■ Variable annuities ■ Stocks/bonds/mutual funds 15. ... Access Document

Suitability In Annuity Transactions
107 to suitability satisfies the requirements under this section for the recommendation of variable 108 annuities. However, nothing in this subsection limits the [insurance commissioner’s] ability to ... Get Document

Documenting Suitability And Enforcing Adequate Written ...
Variable annuities, noting “[t]hese information pieces have given firms and their brokers sound . Sutherland Asbill & Brennan LLP approve the suitability of variable product sales byh principals in its offices of supervisory jurisdiction. ... Fetch Document

Variable Annuity Sales Practices
Suitability determinations are made at two levels: contact level and underlying fund level. BDACC FR VA PPT 05032005 Joint SEC/NASD Report Exam Findings Regarding the Sales of Variable Products SEC Website (Variable Annuities: What You Should Know) ... Read Full Source

Regulatory Notice 09-32 - FINRA - Home Page
Variable annuities.The supplementary material makes clear, for instance, that firms exchange also is consistent with the suitability determination required by [sub]paragraph (b)(1)(A) of this Rule, taking into consideration whether ... Read Content

Broker-Dealer Supervision Of Variable Annuity Sales
Relevant Suitability Requirements A. NASD Suitability Requirements 1. Conduct Rule 2310Conduct Rule 2310 2. Conduct Rule 2110 3. Special Guidance for Variable Annuities ... Retrieve Document

Jonathan G. Katz, Secretary Securities And Exchange Commission
The NASD’s draft suitability rule for variable annuities.1 The SEC’s grant of ACLI’s request2 for an extension of the initial 21-day comment period enables thorough analysis and constructive input. Careful evaluation of SRO rules ensures balanced regulation in the public ... Retrieve Document

SECURITIES AND EXCHANGE COMMISSION
Compliance Alerts regarding the suitability of deferred variable annuities,151 it continues 149 Id. 150 See NASD Response Letter. 151 See Notice to Members 96-86 and Notice to Members 99-35. In 2002, NASD issued a Regulatory & Compliance Alert, entitled “NASD Regulation Cautions ... Document Retrieval