Registration for Index-Linked Annuities; Amendments to Form N-4 for Index-Linked and Variable Annuities

The Commission is proposing to amend the offering process and to create tailored disclosure requirements for registered index-linked annuities ("RILAs"). A RILA is a type of annuity contract that provides investors a return based on the performance of a market index. The proposed amendments would make the RILA offering process similar to other insurance investment products, enhance the information insurance companies disclose about RILAs, and would extend certain antifraud guidance to RILA advertisements. In connection with this rulemaking, the Commission engaged in investor testing to inform this proposal.