We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC FIA Rule Threatens Firms: Insurers

Law360 (April 17, 2009, 12:00 AM EDT) -- American Equity Investment Life Insurance Co. and other insurers challenging a U.S. Securities and Exchange Commission rule treating fixed indexed annuities as securities have warned an appeals court that Rule 151A would impose up to $2 billion in costs and threaten the viability of firms that offer, market and sell FIAs.

Two groups of petitioners — whose cases have been consolidated — filed separate sets of reply papers with the U.S. Court of Appeals for the District of Columbia Circuit on Thursday, bringing briefing in the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.