Point of Sale Disclosure Implementation of New Requirements for Segregated Funds

On January 1, 2011, new requirements go into effect for segregated funds. While insurers will need to modify current disclosure documents, the changes for the most part simply reinforce current point of sale disclosure practices for segregated funds. 

The new requirements relate to disclosure at the time the client enters into the individual variable insurance contract (or IVIC) and selects segregated funds in that contract.