Federal Regulatory Affairs

Developing Industry Positions on Legal and Regulatory Issues

Objectives

1. To provide a forum for the development of an industry consensus on legal, regulatory, and compliance issues.
2. To assist the Insured Retirement Institute staff in conveying the Institute's position to the appropriate federal regulators.

Committee Initiatives

1. Comment letters to the Securities and Exchange Commission, FINRA, NAIC, and state insurance departments, on rule proposals including:
   1. NASD Rule 2821: January 24, 2008; July 1, 2008
   2. Indexed Annuities: September 10, 2008; November 17, 2008
   3. Credit Rating Agencies: September 5,2008
   4. FINRA Notice 08-39 Communications with the Public: September 30, 2008
   5. NAIC Suitability: December 3, 2008, December 19, 2008, June 10, 2009
2. Disclosure documents for indexed, fixed and variable annuities, â"Improving Annuity Disclosure," developed, in conjunction with the ACLI.

Committee Meetings

1. In person: At the IRI Compliance and Federal Regulatory Affairs Conference, and as needed.
2. Conference calls: Regularly, as needed.

Committee Participation

The committee has 185 members, representing 62 companies and organizations.

How Do I Join?

You must be a member of the Insured Retirement Institute to participate. Complete this form to be added to this committee.

Committee Leadership

Chair: TBD
Outgoing Co-chair: Richard Choi, Jorden Burt LLP

Insured Retirement Institute Liaison

Lee Covington, SVP, Government & Regulatory Affairs, and General Counsel