The Missouri Department of Insurance has filed new rules that would affect the sales of variable annuities within the state. This follows jurisdictional wrangling (see AMN coverage: VA Industry Argues Against Dual Regulation in Missouri; Missouri Regulators Battle Over VAs) between the department and the Missouri Secretary of State, who has been arguing that the products should also be regulated as securities within the state.

To help resolve the issue, Governor Matt Blunt requested a hearing on the matter that brought regulators together with industry and consumer groups.

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