US HB2733 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 4 2009 - 25% progression, died in committee
Action: 2009-06-04 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 4 2009 - 25% progression, died in committee
Action: 2009-06-04 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Fixed Indexed Annuities and Insurance Products Classification Act of 2009 - Amends the Securities Act of 1933 to include within the class of securities exempt from its coverage any insurance or endowment policy or annuity contract or optional annuity contract: (1) whose value does not vary according to the performance of a separate account; and (2) which satisfies standard nonforfeiture laws or similar requirements of the applicable state, Territory, or District of Columbia at time of issue or, in the absence of applicable standard nonforfeiture laws or requirements, satisfies the Model Standard Nonforfeiture Law for Life Insurance or Model Standard Nonforfeiture Law for Individual Deferred Annuities, or any successor model law, as published by the National Association of Insurance Commissioners. Declares without force or effect Rule 151A promulgated by the Securities and Exchange Commission (SEC) on January 16, 2009, and entitled "Indexed Annuities and Certain Other Insurance Contracts."
Title
Fixed Indexed Annuities and Insurance Products Classification Act of 2009
Sponsors
History
Date | Chamber | Action |
---|---|---|
2009-06-04 | Referred to the House Committee on Financial Services. |
Same As/Similar To
SB1389 (Same As) 2009-06-25 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Administrative law and regulatory procedures
Contracts and agency
Employee benefits and pensions
Finance and financial sector
Insurance industry and regulation
Life, casualty, property insurance
Securities
Securities and Exchange Commission (SEC)
Contracts and agency
Employee benefits and pensions
Finance and financial sector
Insurance industry and regulation
Life, casualty, property insurance
Securities
Securities and Exchange Commission (SEC)
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/2733/all-info |
Text | https://www.congress.gov/111/bills/hr2733/BILLS-111hr2733ih.pdf |