Regulatory Alerts2020-05-13 | C1-2020-05526Added · Updated
Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts Correction
The Securities and Exchange Commission issued a correction to its previously published rule document regarding updated disclosure requirements and summary prospectuses for variable annuity and variable life insurance contracts. The correction fixes a mathematical error in footnote 1056 concerning hyperlinking requirements for exhibits in registration statements and reports. Additionally, the Commission corrected the 'Rule 498a PRA Estimates' table on pages 26087–26089 to reflect accurate calculations for aggregate estimated time costs and burden hours.
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