The bill requires the Securities and Exchange Commission to create forms for non-variable registered annuities and life insurance products.

The Consumer-Led Enhancement of Annuity and Insurance Registration Forms Act, or CLEAR Forms Act, mandates the Securities and Exchange Commission to establish forms for non-variable registered annuities and life insurance products. These forms must ensure purchasers receive necessary information to make informed decisions. The Commission must finalize these rules within 30 months of the bill's enactment. If the rules are not finalized, registered index-linked life insurance and contingent deferred annuities can be registered using existing forms.

The bill requires the Securities and Exchange Commission to create forms for non-variable registered annuities and life insurance products.

The Consumer-Led Enhancement of Annuity and Insurance Registration Forms Act, or CLEAR Forms Act, mandates the Securities and Exchange Commission to establish forms for non-variable registered annuities and life insurance products. These forms must ensure purchasers receive necessary information to make informed decisions. The Commission must finalize these rules within 30 months of the bill's enactment. If the rules are not finalized, registered index-linked life insurance and contingent deferred annuities can be registered using existing forms.