Form 40-OIP Filings

What Is SEC Form 40-OIP?

SEC Form 40-OIP is a specialized filing used to submit applications under the Investment Company Act of 1940 that are routed for review by the Office of Insurance Products (OIP) within the Division of Investment Management. This submission type appears in the EDGAR Filer Manual’s Index to Forms as a distinct category for insurance-product-related applications.

Form 40-OIP is generally used by insurers, separate accounts, or related entities that need the SEC\'s review of an application for variable insurance products and similar insurance product structures. The filing is application-based and event-driven, meaning it is typically submitted as needed based on the applicant’s regulatory circumstances rather than on a recurring reporting schedule.

As reflected in form-type references and filing examples, Form 40-OIP is separate from other Investment Company Act application categories (such as 40-APP) because it is designated for submissions reviewed by the Office of Insurance Products. You can cross-reference how the SEC categorizes this submission type using SEC Filing Data’s form type directory, which lists Form 40-OIP and its amendment counterpart as distinct EDGAR form types.

Key elements typically found in SEC Form 40-OIP include:

• Name of the applicant(s) and any related insurance separate account(s)
• File number (when assigned) and identifying information used to track the application
• Description of the requested relief or regulatory action under the Investment Company Act
• Background on the insurance product structure and related parties
• Supporting legal and factual analysis submitted as part of the application
• Any exhibits, consents, or supplemental materials included with the application submission

SEC Form 40-OIP Filing Deadlines

SEC Form 40-OIP does not have a fixed statutory filing deadline like periodic reporting forms. Timing is generally driven by the applicant’s transaction or compliance need and the specific circumstances requiring SEC review.

Key Things to Know About Form 40-OIP Filing Rules

• Application-Based Submission:
  Form 40-OIP is submitted when an applicant needs SEC review of an Investment Company Act application associated with insurance products, rather than as part of a periodic reporting cycle.
• Office of Insurance Products Review:
  This submission type is specifically designated for applications reviewed by the Office of Insurance Products, distinguishing it from other Investment Company Act application filing categories.
• Amendments Use a Separate Submission Type:
  If an applicant needs to revise or supplement a previously filed application, amendments are typically submitted using the corresponding amendment form type (40-OIP/A).
• Content Varies by Application:
  The specific disclosures and exhibits included with Form 40-OIP can vary significantly depending on the nature of the application, the relief requested, and the structure of the insurance product involved.
• EDGAR Tracking and Monitoring:
  Applicants, counsel, and compliance teams often monitor filing activity and related submission patterns through structured form-type listings, including filing-agent form history pages and issuer corporate-history views that surface when and how these submission types appear across filing records.