8b. BD/IA – Understanding the Complexities of Insurance Compliance (Intermediate)
Insurance agents and insurance companies navigate the complexities between federal securities regulations and state insurance regulations, especially when dealing with cross-over areas such as insurance agents becoming registered representatives or IARs. This complexity is further compounded by the sale of life and annuity products, which can be variable, fixed, or indexed. Regulatory Interest in RILAs (Registered Indexed-Linked Annuities) remains significant, with FINRA highlighting them as "complex financial products" in its 2025 Annual Regulatory Oversight Report. Firms need to ensure that their supervisory structures, including Written Supervisory Procedures (WSPs) and surveillance procedures, are designed to sell these products in the best interest of their customers. This session is open to regulators but closed to members of the press.
