In October 2018, the United States Securities and Exchange Commission published a rule proposal on Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts with comments due by March 15, 2019.
If the proposal is passed as currently written, it will require variable contract registrants to submit certain information contained in Forms N-3, N-4, and N-6 in Inline XBRL format. To aid in discussion, the Demonstration Release on this page – in .zip format or viewed/downloaded as spreadsheet below – contains items included in the SEC proposal along with other elements helpful for investors evaluating variable contract products.
This is a Demonstration Release, to illustrate how data standards can be created and used to support variable annuity products. It is not intended as a final taxonomy.