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.


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.

  1. Investment Company Act Of 1940

    Created in 1940 through an act of Congress, this piece of legislation ...
  2. SEC Form N-30B-2

    A form filed with the SEC that applies to investment companies ...
  3. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  4. Variable Annuity

    An insurance contract in which, at the end of the accumulation ...
  5. Prospectus

    A formal legal document, which is required by and filed with ...
  6. Securities Act Of 1933

    A federal piece of legislation enacted as a result of the market ...
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  1. 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 ... Read Full Answer >>
  2. How liquid are variable annuities?

    Variable deferred annuities and variable immediate annuities are not considered liquid. Variable deferred annuities carry ... Read Full Answer >>
  3. Do variable annuities have RMDs?

    Variable annuities are not subject to required minimum distributions (RMDs) unless they are held in qualified plans, such ... Read Full Answer >>
  4. Are UTMA accounts escheatable?

    Like most financial assets held by institutions such as banks and investment firms, UTMA accounts can be escheated by state ... Read Full Answer >>
  5. What is the SEC's escheatment process?

    The U.S. Securities and Exchange Commission (SEC) does not have its own escheatment process. Rather, the SEC notes that the ... Read Full Answer >>
  6. Can the IRS audit you after a refund?

    The U.S. Internal Revenue Service (IRS) can audit tax returns even after it has issued a tax refund to a taxpayer. According ... Read Full Answer >>

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