Annual Report

 

Annual Report

Insurance Compact Annual Report

Annual Report

The 2017 Annual Report highlights the incredible growth the Insurance Compact has demonstrated since accepting its first product filing submission in June 2007. Since the Insurance Compact accepted the first filing submission, it has exhibited 3,144% growth in the number of products submitted and almost 550% growth in the number of registered companies! Each year has been a record-breaking year, and 2017 was no exception with the most registered companies and products submitted in a single year. In 2017, Connecticut became eligible for inclusion of life and annuity products submitted through the Insurance Compact. Over the course of 2017, the Product Standards Committee completed the Five-Year Review of the individual Long-Term Care  Insurance Uniform Standards, along with some individual Life and Annuity Uniform Standards.

The Commission's 2017 Annual Report emphasizes continued progress and success due to the commitment and hard work of the members and their staff, with the active input of state legislators, companies, and consumer and industry representatives.