Federal Regulatory Affairs
Developing Industry Positions on Legal and Regulatory Issues
Objectives
- To provide a forum for the development of an industry consensus on legal, regulatory, and compliance issues.
- To assist the Insured Retirement Institute staff in conveying the Institute's position to the appropriate federal regulators.
Committee Initiatives
- Comment letters to the Securities and Exchange Commission, FINRA, NAIC, and state insurance departments, on rule proposals including:
- NASD Rule 2821: January 24, 2008; July 1, 2008
- Indexed Annuities: September 10, 2008; November 17, 2008
- Credit Rating Agencies: September 5,2008
- FINRA Notice 08-39 Communications with the Public: September 30, 2008
- NAIC Suitability: December 3, 2008, December 19, 2008, June 10, 2009
- Disclosure documents for indexed, fixed and variable annuities, â"Improving Annuity Disclosure," developed, in conjunction with the ACLI.
Committee Meetings
- In person: At the IRI Compliance and Federal Regulatory Affairs Conference, and as needed.
- 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


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