| Name of Standard/Procedure |
Issued |
Hearing
Requests Due |
Comments
Due |
Hearing Date |
Name of Proposed
Rule: Additional Standards for Graded Death Benefit for Individual Whole Life Insurance Polices
Subject Matter of Proposed Rule: The Additional Standards For Graded Death Benefit for Individual Whole Life Insurance Policies (the “Proposed Standards”) specify additional submission requirements concerning early duration reduced death benefits where the period during which benefits for death from natural causes are reduced relative to some ultimate amount is not more than three years; applying to benefits that are built-in to whole life insurance policies or added to such policy forms by rider, amendment or endorsement.
Citation to Published Notices: Notice of this rule was published on August 6, 2010.
Name of persons requesting Public Hearing : Director Mary Jo Hudson, Chair
Date and Location of Public Hearing, if any: October 17, 2010, 1:00 ET at the Gaylord Palms Resort & Convention Center, 6000 W. Osceola Pkwy, Kissimmee, FL 34746-4414
Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until October 5, 2010. Written requests for a public hearing must be received no later than August 26, 2010.
Date Approved by Management Committee:
Date Adopted by Commission:
Effective Date of Rule:
Link to Comments submitted by members and the
public:
|
Name of Proposed
Rule: Individual Deferred Paid-Up Non-Variable Annuity Contract Standards (Commonly Marketed as Longevity Standards)
Subject Matter of Proposed Rule: The Individual Deferred Paid-Up Non-Variable Annuity Contract Standards (the “Proposed Standards”) specify submission requirements for individual deferred variable annuities with no cash surrender values prior to the commencement of annuity payments for a single premium or flexible premiums over the deferral period of the contract and specified income payments beginning on a specified income commencement date for each premium paid; applying to benefits that are built-in to deferred non-variable annuity contracts or added to such contract forms by rider, amendment or endorsement.
Citation to Published Notices: Notice of this rule was published on August 6, 2010.
Name of persons requesting Public Hearing : Director Mary Jo Hudson, Chair
Date and Location of Public Hearing, if any: October 17, 2010, 1:00 ET at the Gaylord Palms Resort & Convention Center, 6000 W. Osceola Pkwy, Kissimmee, FL 34746-4414
Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until October 5, 2010. Written requests for a public hearing must be received no later than August 26, 2010.
Date Approved by Management Committee:
Date Adopted by Commission:
Effective Date of Rule:
Link to Comments submitted by members and the
public:
|
AMENDMENTS TO UNIFORM STANDARDS
| Name of Standard/Procedure |
Issued |
Hearing
Requests Due |
Comments
Due |
Hearing Date |
Name of Proposed
Rule: Amendments to Individual Term Life Insurance Policy Standards
Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual term life insurance policy standards to clarify the conditions for reinstatement of the policy and payment of overdue premium; and specify the availability of the mix and match and self certification processes.
Citation to Published Notices: Notice of this rule was published on August 6, 2010.
Name of persons requesting Public Hearing : Director Mary Jo Hudson, Chair
Date and Location of Public Hearing, if any: October 17, 2010, 1:00 ET at the Gaylord Palms Resort & Convention Center, 6000 W. Osceola Pkwy, Kissimmee, FL 34746-4414
Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until October 5, 2010. Written requests for a public hearing must be received no later than August 26, 2010.
Date Approved by Management Committee:
Date Adopted by Commission:
Effective Date of Rule:
Link to Comments submitted by members and the
public:
|
Name of Proposed
Rule: Amendments to Individual Whole Life Insurance Policy Standards
Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual whole life insurance policy standards to clarify the scope of the rule in connection with the adoption of additional standards for benefits specifically excluded from this rule.
Citation to Published Notices: Notice of this rule was published on August 6, 2010.
Name of persons requesting Public Hearing : Director Mary Jo Hudson, Chair
Date and Location of Public Hearing, if any: October 17, 2010, 1:00 ET at the Gaylord Palms Resort & Convention Center, 6000 W. Osceola Pkwy, Kissimmee, FL 34746-4414
Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until October 5, 2010. Written requests for a public hearing must be received no later than August 26, 2010.
Date Approved by Management Committee:
Date Adopted by Commission:
Effective Date of Rule:
Link to Comments submitted by members and the
public:
|
Name of Proposed
Rule: Amendments to Additional Standards for Intermediate Period Endowment Benefit Features for Individual Life Insurance Policies (Including Return of Premium)
Subject Matter of Proposed Rule: The purpose of this rule is to amend the Additional Standards for Intermediate Period Endowment Benefit Features for Individual Life Insurance Policies to provide additional detail on the application of the reinstatement provision; clarify what disclosure is required for benefits with guaranteed premiums that may change based on policy changes; and specify the availability of the mix and match and self-certification processes.
Citation to Published Notices: Notice of this rule was published on August 6, 2010.
Name of persons requesting Public Hearing : Director Mary Jo Hudson, Chair
Date and Location of Public Hearing, if any: October 17, 2010, 1:00 ET at the Gaylord Palms Resort & Convention Center, 6000 W. Osceola Pkwy, Kissimmee, FL 34746-4414
Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until October 5, 2010. Written requests for a public hearing must be received no later than August 26, 2010.
Date Approved by Management Committee:
Date Adopted by Commission:
Effective Date of Rule:
Link to Comments submitted by members and the
public:
|
Name of Proposed
Rule: Amendments to Core Standards for Individual Deferred Non-Variable Annuity Contract
Subject Matter of Proposed Rule: The purpose of this rule is to amend the core standards for individual deferred non-variable annuity contracts, specifically the scope to account for deferred non-variable annuity contracts with cash surrender values prior to the commencement of annuity payments.
Citation to Published Notices: Notice of this rule was published on August 6, 2010.
Name of persons requesting Public Hearing : Director Mary Jo Hudson, Chair
Date and Location of Public Hearing, if any: October 17, 2010, 1:00 ET at the Gaylord Palms Resort & Convention Center, 6000 W. Osceola Pkwy, Kissimmee, FL 34746-4414
Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until October 5, 2010. Written requests for a public hearing must be received no later than August 26, 2010.
Date Approved by Management Committee:
Date Adopted by Commission:
Effective Date of Rule:
Link to Comments submitted by members and the
public:
|
| Name of Standard/Procedure |
Issued |
Hearing
Requests Due |
Comments
Due |
Hearing Date |
| No
operating procedures on the docket at this time. |
|
|
|
|
No operating procedures on the
docket at this time
AMENDMENTS TO OPERATING PROCEDURES
| Name of Standard/Procedure |
Issued |
Hearing
Requests Due |
Comments
Due |
Hearing Date |
Subject Matter of Rule: The purpose of this rule is to amend the Interstate Insurance Product Regulation Commission (IIPRC) Terms and Procedures for IIPRC Filing Fees specifically:
- Removing a reference to the specific amount of fees and having a process for developing a Schedule of IIPRC Fees that would be considered and adopted on an annual basis in conjunction with the IIPRC annual budget;
- Amending the definition of Regional Insurer to include companies that file in 12 or less states which is an increase from the current threshold of 5 or less states;
- Amending the definition of Amended Filing to remove the condition that the Product Filing must have been approved within the past 60 days;
- Including a provision to further clarify that the company has the obligation to verify and remit Member State Filing Fees and the IIPRC Filing Fees; and to clarify that the IIPRC will not issue refunds of the Member State Filing Fees; and
- Amending the provision that allows a company to carry forward their Annual Registration Fee if it did not submit a Product Filing in the year in which the fee was paid.
Citation to Published Notices: Notice of this Rule was published on August 18, 2010.
Name of persons requesting Public Hearing:
Date and Location of Public Hearing, if any:
Status of Rule (including upcoming meetings): This operating procedure has been issued for notice and comment. Written comments will be accepted on this proposed new operating procedure until October 17, 2010. Written requests for a public hearing must be received no later than September 7, 2010.
Date Approved by Management Committee:
Date Adopted by Commission:
Effective Date of Rule:
Link to Comments submitted by members and the public:
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