Draft Variable Insurance Product (VIP) Taxonomy
March 11, 2020
As part of the “Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts” final rule, the Commission has adopted amendments to require variable contracts to use the Inline eXtensible Business Reporting Language format for the submission of certain required disclosures in the variable contract statutory prospectus. See Release No. 33-10765, 34-88358, IC-33814, and S7-23-18 (Mar. 11, 2020). https://www.sec.gov/rules/final/2020/33-10765.pdf
The draft VIP taxonomy is available at https://www.sec.gov/structureddata/dera_taxonomies. Please provide comments on the draft taxonomy to StructuredData@sec.gov. Include “Draft VIP Taxonomy” in the subject header. The public comment period for the draft taxonomy will end 90 days after Release No. 33-10765, 34-88358, IC-33814, and S7-23-18 is published in the Federal Register.