The Consumer-Led Enhancement of Annuity and Insurance Registration, or CLEAR, Forms Act would require the Securities and Exchange Commission to develop registration forms for index-linked life insurance and certain other products. Bill sponsor Rep. Zach Nunn, R-Iowa, said the agency already “maintains tailored registration forms for variable annuities and variable life insurance” but that equivalent forms do not exist for “registered index-linked life insurance, contingent deferred annuities or other registered nonvariable insurance contracts.” ThinkAdvisor (free registration) (9/3)
