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![Idea :idea: :idea:](/community/styles/default/xenforo/smilies/idea.gif)
http://www.lifeandhealthinsurancenew.../12/22-aalu-ap This seems to leave indexed products issued prior to 2011 in limbo. If post-2010 indexed products are securities, the same product would seem to be a security. The SEC might leave them alone, but it's unclear whether courts would refuse lawsuits on indexed products issued since 1995.Group Warns SEC Rule May Affect Insurance BY ARTHUR D. POSTAL WASHINGTON—NU Online News Service, Dec. 22, 2008
The new Securities and Exchange Commission rule subjecting equity indexed annuities to federal oversight may also apply to indexed life insurance products, a trade group cautions.
The Association for Advanced Life Underwriting is warning its members that the same rules that spell out how to calculate and credit interest on EIAs could also cover indexed life insurance products.
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The AALU bulletin said its interpretation of the new rule is that typical indexed annuity contracts will fall within the scope of the rule and be regulated as securities, but contracts declaring discretionary excess interest in advance generally would appear to fall outside the rule. ...
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