Investopedia

Continue to Site »

SEC Form N-3

Filed Under » , , , , ,
Dictionary Says

Definition of 'SEC Form N-3'

A filing with the Securities and Exchange Commission (SEC) that must be submitted by all insurance company separate accounts organized as management investment companies offering variable annuity contracts. SEC Form N-3 is required under the Securities Act of 1933 and the Investment Company Act of 1940, and is meant to provide investors with information about variable annuity contracts so they can determine whether to invest in them.
Investopedia Says

Investopedia explains 'SEC Form N-3'

Part A of this filing, the prospectus, must contain clearly-written information about the investment that the average investor, who may not have a specialized background in finance or law, can understand. Part A contains a general description of the insurance company and a general description of the contracts as well as information on accumulation units, management, deductions and expenses, annuity options available, death benefit, purchases and contract value, redemptions, taxes, and pending legal proceedings. Part B contains additional information about investment objectives and policies, purchasing and pricing of securities being offered, underwriters and more. Finally, Part C provides the company's financial statements, names of directors and officers of the insurance company and other required information.

Articles Of Interest

  1.

    SEC Filings: Forms You Need To Know

    The forms companies are required to file provide a clear view of their histories and progress.

  2. Get A Job In Compliance

    If you're a stickler for rules, this could be a promising career path for you.

  3. Where can I find a company's annual report and its SEC filings?

    Thanks to the Internet, finding financial reports is easier than ever. Nowadays, every reputable company has an investor relations section on its website that is a wealth of information. Walt ...

  4. Policing The Securities Market: An Overview Of The SEC

    Find out how this regulatory body protects the rights of investors.

  5. Who's Looking Out For Investors?

    If your account has been mishandled, FINRA and the SEC are among several organizations that can help.

  6. Making It Big On Wall Street

    Read about some of the most glamorous Wall Street jobs and what it takes to land one.

  7. Quants: The Rocket Scientists Of Wall Street

    Blend math, finance and computer skills to command a high - and well deserved - salary.

  8. How To Buy Annuities (And When Not To)

    Annuities are complicated products that require some basic homework to be done before requesting quotes. Retirees will want to think about how they envisage their lifestyle and even their potential ...

  9. Build A Baby Berkshire

    Get a piece of Warren Buffett's profit by using Form 13F to coattail his picks.

  10. Cash: A Call Option With No Expiration Date

    Cash is generally regarded as a drag on investment returns, but sometimes it may be preferable to hold a substantial cash amount instead of investing it in other assets. This is because having ...
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center