National Association for Fixed Annuities

Filing Period

Jan 1, 2010 to Dec 31, 2010

Signed

Jun 27, 2011

Return Version

2010v3.2

Gross Receipts

$703,049

Mission

Major Activities

Activity 2

Completed three CE courses for Producer Education Held IMO Conference with program geared toward IMO issues and initiatives. 2011 Meeting is already scheduled. Second annual IMO Summit enjoyed over 100 IMOs in attendance and generated 45% revenue over 2009 conference. Established Premier Partner update conference calls to inform members about current regulatory and other market developments and to allow for a question and answer session. Created Education Committee Strategic plan to be executed in 2010 providing ongoing conferences, web-based training, and educational publications for IMOs to utilize for their producers.

Activity 3

NAFA spent much time working with the NAIC A Committee on the Suitability and Disclosure Models. NAFA's goals have always included education and promoting a safe and informed purchasing environment for knowledge-empowered consumers. To that end, NAFA contributed to every step of the NAIC's effort to expand the Annuity Suitability and Disclosure Models for all annuities and key initiatives targeted by the NAIC. Another key government relations focus was the Source of Funds issue. NAFA responded to a request from Iowa's Deputy Commissioner, Jim Mumford, to draft a guidance memo on insurance-only advice to help insurance producers and regulators understand what constitutes insurance advice versus investment advice. NAFA traveled to Des Moines often with members of the Source of Funds Working Group to work through the various iterations of the draft language and is looking forward to a final document in early 2011. Deputy Commissioner Mumford informed NAFA that it is his intent to issue an Iowa Guidance Memo using the final document, which includes NAFA's input, and to engage with FINRA to advance the discussion.

Filer

EIN

54-1877987