Compact Rulemaking Record

 

Record Adopted Standards

Listed below are the Uniform Standards and Operating Procedures pending action by the Commission.
Please click the "+" button to the left of each standard name to view details about the proposed rule.

Index of Available Uniform Standards

Click on the link above to find a particular Uniform Standard.
More information related to the Uniform Standards and their Standard History may be found below in the Record.

UNIFORM STANDARDS - INDIVIDUAL
Click to ExpandINDIVIDUAL APPLICATION
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL TERM LIFE PRODUCT LINE
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL WHOLE LIFE PRODUCT LINE
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL ENDOWMENT INSURANCE PRODUCT LINE
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL NON-VARIABLE ADJUSTABLE LIFE INSURANCE PRODUCT LINE
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL VARIABLE ADJUSTABLE LIFE INSURANCE PRODUCT LINE
No uniform standards are on the record at this time.
Click to ExpandSTANDARDS FOR INDIVIDUAL LIFE BENEFIT FEATURES
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL VARIABLE ANNUITY PRODUCT LINE
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL NON-VARIABLE ANNUITY PRODUCT LINE
No uniform standards are on the record at this time.
Click to ExpandSTANDARDS FOR INDIVIDUAL ANNUITY BENEFIT FEATURES
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL LONG-TERM CARE INSURANCE PRODUCT LINE | State Participation Information
No uniform standards are on the record at this time.
Click to ExpandINDIVIDUAL DISABILITY INCOME INSURANCE PRODUCT LINES | State Participation Information
No uniform standards are on the record at this time.
UNIFORM STANDARDS - GROUP
Click to ExpandGROUP POLICYHOLDER APPLICATION
No uniform standards are on the record at this time.
Click to ExpandGROUP TERM LIFE PRODUCT LINE
No uniform standards are on the record at this time.
Click to ExpandGROUP DISABILITY INCOME INSURANCE PRODUCT LINE | State Participation Information
No uniform standards are on the record at this time.
OPERATING PROCEDURES
Name of Standard/Procedure Effective Date
Rule for Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission

Amended Rule
Nov. 10, 2011 
Standard History

Subject Matter of Rule:   The Rulemaking Rule of the Interstate Insurance Product Regulation Commission applies to the development of all Operating Procedures and Rules as defined in the Compact.

Citation to Published Notices: 

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 new operating procedure until September 1, 2006.  A public hearing to receive comments is scheduled for September 12, 2007. This rule was considered at a Commission meeting via conference call scheduled for September 27, 2006.

Date Approved by Management Committee: September 5, 2006

Date Adopted by Commission: September 27, 2006

Effective Date of Rule: November 11, 2006

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: June 23, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: October 12, 2008

Information Regarding the Amendment:

Name of Proposed Rule: Amendment to Section 115 of the Rule for Adoption, Amendment and Repeal of Rule for the Interstate Insurance Product Regulation Commission

Subject Matter of Rule: This Amendment to Section 115 of the Rule for Adoption, Amendment and Repeal of Rule for the Interstate Insurance Product Regulation Commission resolves an inconsistency between Section 115, which states that a uniform standard becomes effective 90 days after its adoption, and Article VII of the Compact Statute, which provides that a uniform standard becomes effective 90 days after promulgation. The amendment clarifies that the key date is the date of publication, which shall occur no earlier than ten (10) business days following adoption.

Citation to Published Notices:  Notice of this Rule was published on March 28, 2008. 

Link to Comments submitted by members and the public: No Comments Submitted

This rule has been amended.

Date Amendment Approved by Management Committee: September 26, 2011

Date Amendment Adopted by Commission: September 26, 2011

Effective Date of Amendment to Rule: November 10, 2011

Information Regarding the Amendment:

Name of Proposed Rule: Amendments to Rule for Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission

Subject Matter of Rule: The purpose of this rule is to amend the Rule for Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission specifically to detail procedures for potential rulemaking:

The addition of a new §103 detailing the procedures for potential rulemaking in order to solicit participation from interested parties during the initial drafting stage; and

A change to renumbered §108 to clarify that this new procedure does not rise to the level of formal or proposed rulemaking and is not subject to Section 108.

Citation to Published Notices:  Notice of this rule was published on July 7, 2011

Link to Comments submitted by members and the public: No Comments Submitted

Establishment of Conditions and Procedures for Public Inspection and Copying of Information and Official Records of the Interstate Insurance Product Regulation Commission

Amended Rule
Nov. 5, 2008​
Standard History

This Rule was amended. The sections that were amended are Section 103(c), 104, 104(b)2, 105(a), and 107(c) and (f).

Date Amendment Approved by Management Committee: September 21, 2008 (Explanatory Statement)

Date Amendment Adopted by Commission: September 21, 2008

Effective Date of Amendment to Rule: November 5, 2008

Information Regarding the Amendment:

Name of Proposed Rule: Amendment to the Rule for Establishment of Conditions and Procedures for Public Inspection and Copying of Information and Official Records of the Interstate Insurance Product Regulation Commission

Subject Matter of Proposed Rule:  The Amendment to the Rule for Establishment of Conditions and Procedures for Public Inspection and Copying of Information and Official Records of the Interstate Insurance Product Regulation Commission (the "Proposed Rule") establishes procedures to delete the exemption and allow the public to access pending, disapproved or withdrawn filings; and allows requests for access to Commission records to be delivered by electronic mail. The amendment also corrects internal references.

Citation to Published Notices:  Notice of this Rule was published on June 6, 2008.

Name of persons requesting Public Hearing : Industry Advisory Committee

Date and Location of Public Hearing, if any: September 21, 2008

Status of Proposed 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 August 28 , 2008. Written requests for a public hearing must be received no later than June 26, 2008.

During the 7/28 Management Committee meeting, the comment deadline was extended; this period expired on August 28, 2008.

Link to Comments submitted by members and the public:

Operating Procedure for Resolution of Disputes between States

Apr. 16, 2007 
Standard History

Subject Matter of Rule:  The Operating Procedure for Resolution of Disputes between States establishes guidelines for resolving disputes among Compacting States and disputes between one or more Compacting States and a Non-compacting State.  The first step for any dispute requires a good faith meeting among the disputing parties in the attempt to resolve the issue.  If after this meeting a dispute involving only Compacting States remains unresolved it must be submitted to mediation pursuant to this operating procedure before resort is had to other possible remedies.

Citation to Published Notices:  Notice of this Rule was published on November 22, 2006.

Name of persons requesting Public Hearing Industry Advisory Committee

Date and Location of Public Hearing, if any: February 23, 2007, 12:30 CT/1:30 ET via conference call

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 January 23, 2007.  Written requests for a public hearing must be received no later than December 12, 2006.A public hearing to receive comments is scheduled for February 23, 2007. This proposed rule may be considered at a Management Committee meeting via conference call scheduled for February 26, 2007 and a Commission meeting via conference call scheduled for February 28, 2007. No further action is necessary on this Proposed Rule.

Date Approved by Management Committee: February 26, 2007 (Explanatory Statement)

Date Adopted by Commission: February 28, 2007

Effective Date of Rule: April 16, 2007

Link to Comments submitted by members and the public: No written comments received.

Operating Procedure for Notice and Hearing

Apr. 16, 2007
Standard History

Subject Matter of Rule: The Operating Procedure for Notice and Hearing establishes notice and hearing guidelines and requirements for (1) adjudication of a request by a member of the Commission for a determination that the content of a product or advertisement that is approved by the Commission  constitutes a violation of the provisions of, standards, or requirements of the Compact; (2) adjudication with respect to a disapproved product filing or advertisement, or with respect to the  withdrawal or modification of a previously approved filing; and (3) adjudication on the determination by the Commission that a compacting state is in default.  The proposed procedure presumes that an informal procedure will be used to decide product disapproval questions, and such a “summary judgment” process is available for deciding any dispute in which there is no disputed issue of material fact.  However, a more formal and traditional hearing process is also provided for in the proposed procedure.

Citation to Published Notices: Notice of this Rule was published on December 22, 2006.

Name of persons requesting Public Hearing Industry Advisory Committee

Date and Location of Public Hearing, if any: February 23, 2007, 12:30 CT/1:30 ET via conference call

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 February 20, 2007.  Written requests for a public hearing must be received no later than January 11, 2007.A public hearing to receive comments is scheduled for February 23, 2007. This proposed rule may be considered at a Management Committee meeting via conference call scheduled for February 26, 2007 and a Commission meeting via conference call scheduled for February 28, 2007. No further action is necessary on this Rule.

Date Approved by Management Committee: February 26, 2007 (Explanatory Statement)

Date Adopted by Commission: February 28, 2007

Effective Date of Rule: April 16, 2007

Link to Comments submitted by members and the public: No written comments received.

Operating Procedure for the Implementation of Uniform Product Standards

Apr. 16, 2007
Standard History

Subject Matter of Rule: The Operating Procedure for the Implementation of Uniform Product Standards establishes guidelines that are to be observed as the Commission and the Management Committee implement Uniform Product Standards.  It provides guidance in regard to the elements and content of notice that is required when the Commission adopts a Uniform Standard and the date the Uniform Standard is effective after adoption.  It clarifies and restates the exceptions stated in the Compact and judicial procedure that would impact the binding effect of a Uniform Standard on a Compacting State. The proposed operating procedure also provides guidance on the notice required when one of exceptions to the binding effect of a Uniform Standard occurs in a Compacting State.

Citation to Published Notices: Notice of this Rule was published on December 22, 2006.

Name of persons requesting Public Hearing Industry Advisory Committee

Date and Location of Public Hearing, if any: February 23, 2007, 12:30 CT/1:30 ET via conference call

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 February 20, 2007.  Written requests for a public hearing must be received no later than January 11, 2007.A public hearing to receive comments is scheduled for February 23, 2007. This proposed rule may be considered at a Management Committee meeting via conference call scheduled for February 26, 2007 and a Commission meeting via conference call scheduled for February 28, 2007. No further action is necessary on this Proposed Rule.

Date Approved by Management Committee: February 26, 2007 (Explanatory Statement)

Date Adopted by Commission: February 28, 2007

Effective Date of Rule: April 16, 2007

Link to Comments submitted by members and the public: No written comments received.

Operating Procedure for the Filing and Approval of Product Filings

April 14, 2011
Standard History

Subject Matter of Rule: The Operating Procedure for the Filing and Approval of Product Filings applies to all insurance products under the Commission's jurisdiction, to initial rate filings for disability and long-term care products, and to advertising subject to Commission review and approval.  All product filings submitted to the Commission shall be filed electronically through SERFF.  A product filing must include all applicable Commission and state filing fees and SERFF transaction fees.  In general, the Commission's review of product filings will be completed within sixty days.  This time period will be extended during any period that the filing insurer is preparing a response to any objections by the Commission to the product filing.  This time period may be extended by thirty days in the Commission's discretion, by a time period agreed to by the insurer and the Commission, or by a time period determined by the Management Committee if the Commission cannot complete review during the sixty-day period due to the volume of pending filings.

Citation to Published Notices: Notice of this Rule was published on December 22, 2006.

Name of persons requesting Public Hearing Industry Advisory Committee

Date and Location of Public Hearing, if any: February 23, 2007, 12:30 CT/1:30 ET via conference call

Status of Rule (including upcoming meetings):  This operating procedure has been issued for notice and comment.  Written comments will be accepted on this new operating procedure until February 20, 2007.  Written requests for a public hearing must be received no later than January 11, 2007.A public hearing to receive comments is scheduled for February 23, 2007. This rule may be considered at a Management Committee meeting via conference call scheduled for February 26, 2007 and a Commission meeting via conference call scheduled for February 28, 2007. The Management Committee approved this operating procedure as amended on April 23, 2007. The approved operating procedure will go to the full Commission for adoption on May 25, 2007. For further information please consult the Event Calendar.

Date Approved by Management Committee: April 23, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: June 1, 2007

Link to Comments submitted by members and the public:
Vermont's Comments
Industry Advisory Committee's Comments 

Ohio and Vermont's Comments mix and match
LISA - Life Insurance Settlement Association Comments
Ohio and Vermont's revision of "Mix and Match"
Memo re: Ohio, Pennsylvania, Vermont, Washington Proposed Amendments
Product Filing Rule Changes (Ohio, Pennsylvania, Vermont and Washington)

Information regarding the development of Appendix A:

Date and Location of Public Hearing, if any: November 19, via conference call

Date Approved by Management Committee: December 1, 2007

Date Adopted by Commission: December 1, 2007

Effective Date of Appendix: December 1, 2007

Link to Comments submitted by members and public: 
Industry Advisory Committee Comments Part 1
Industry Advisory Committee Comments Part 2 
Additional Comments from the Industry Advisory Committee

This rule has been amended.

Date Amendment Approved by Management Committee: June 23, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: October 11, 2008

Information Regarding the Amendment:

Name of Proposed Rule: Amendment of Appendix A to the Operating Procedure for the Filing and Approval of Product Filings

Subject Matter of Rule: The purpose of this rule is to amend Appendix A of the Operating Procedure for the Filing and Approval of Product Filings (the “Product Filing Rule”).  The amendment would add two additional uniform standards to the list of products eligible for combination with a State Product Component under the framework established in § 110 of the Product Filing Rule.  The additional products, which are Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and Standards for Riders, Endorsements or Amendments Used to Effect Individual Life Insurance Policy Changes, would fall into the Individual and the Group Life Benefit Features product lines.

Citation to Published Notices:  Notice of this Rule was published on May 1, 2008.

Link to Comments submitted by members and the public: No Comments Submitted

This rule has been amended. 
Date Amendment Approved by Management Committee: July 27, 2009

Date Amendment Adopted by Commission: July 27, 2009

Effective Date of Amendment to Rule: July 27, 2009

Information Regarding the Amendment

Name of Proposed Rule: Amendments to the Operating Procedure for the Filing and Approval of Product Filings

Subject Matter of Proposed Rule:  The amendments to the Operating Procedure for the Filing and Approval of Product Filings (the “Proposed Rule”) modify Section 110 of the Operating Procedure; and eliminate any reference to the two year deadline for the ability of companies to mix and match state-approved components with Compact-approved components.

Citation to Published Notices:  Notice of this rule was published on May 5, 2009

Date and Location of Public Hearing, if any: June 12, 2009 in Minneapolis, MN

Status of Proposed Rule (including upcoming meetings): The Operating Procedure has been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 6, 2009. Written requests for a public hearing must be received no later than May 25, 2009.

The Management Committee has requested that comments regarding Appendix A be submitted in addition to any possible comments regarding the amendments to Section 110.

Link to Comments submitted by members and the public:
Comments from Brendan Bridgeland, Consumer Advisory Committee Member
Comments from the Industry Advisory Committee
Industry Advisory Committee Comments re: Appendix A

Information Regarding the Amendment

Name of Proposed Rule: Amendments to the Operating Procedure for the Filing and Approval of Product Filings

Subject Matter of Rule: The purpose of this rule is to amend the Operating Procedure for the Filings and Approval of Product Filings specifically to address the filing of combination products and establish the requirements for change of corporate name.

Citation to Published Notices:  Notice of this Rule was published on October 28, 2010.  

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, February 28, 2011 via teleconference joint meeting of the Management Committee and Commission

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 December 27, 2010. Written requests for a public hearing must be received no later than November 17, 2010.

Date Approved by Management Committee: February 28, 2011

Date Adopted by Commission: February 28, 2011

Effective Date of Rule: April 14, 2011

Link to Comments submitted by members and the public:

Operating Procedure for Submission of Requests by the Consumer Advisory Committee for Financial Assistance and Consideration and Approval of Requests by the Commission

July 16, 2007
Standard History

Subject Matter of Rule:   The Operating Procedure for Submission of Requests by the Consumer Advisory Committee for Financial Assistance and Consideration and Approval of Requests by the Commission establishes procedures through which the consumer advisory committee may submit and the Commission may consider requests for financial assistance to members of the consumer advisory committee in order to enable effective participation by that committee in the Commission’s affairs, as may be appropriate.

Citation to Published Notices:  Notice of this Rule was published on March 15, 2007.

Name of persons requesting Public Hearing : Industry Advisory Committee

Date and Location of Public Hearing, if any: May 16, 2007, 1:00 pm ET/ 12:00 pm CT via teleconference

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 May 14, 2007. Written requests for a public hearing must be received no later than April 4, 2007.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: July 16, 2007

Link to Comments submitted by members and the public:
VT Comments

Interstate Insurance Product Regulation Commission Terms and Procedures for IIPRC Filing Fees

Dec. 17, 2012
Standard History

Subject Matter of Rule: The Interstate Insurance Product Regulation Commission Terms and Procedures for IIPRC Filing Fees establishes procedures through the IIPRC fee terms and process for collecting IIPRC fees sufficient to cover the cost of operations and the annual budget of the IIPRC.

Citation to Published Notices:  Notice of this Rule was published on May 30, 2007.

Name of persons requesting Public Hearing : Industry Advisory Committee

Date and Location of Public Hearing, if any: May 16, 2007, 1:00 pm ET/ 12:00 pm CT via teleconference

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 July 31, 2007. Written requests for a public hearing must be received no later than June 21, 2007.

Date Approved by Management Committee: August 27, 2007

Date Adopted by Commission: September 7, 2007 via Electronic Vote

Effective Date of Rule: September 10, 2007

Link to Comments submitted by members and the public:
Industry Advisory Committee Comments

This rule has been amended.

Date Amendment Approved by Management Committee: April 27,2009

Date Amendment Adopted by Commission: April 30, 2009

Effective Date of Amendment to Rule: April 30, 2009

Information Regarding the Amendment:

Name of Proposed Rule: Amendment to IIPRC Terms and Procedures for IIPRC Filing Fees

Subject Matter of Rule: The proposed amendments will create an amended filing fee as well as filing fees for a Regional Filer.  Regional filers are defined as companies who file in five or less states on an annual basis.  The amendments propose a reduced fee for the Annual Registration Fee of $2500 until July 1 and then $1250 thereafter.  The per product filing fees would be reduced to $250 per filing.  The proposed amendments for the amended filing fee apply to filings that are amended within 60 days of approval.  Amendments that are to correct typographical errors; update the Statement of Intent and Certification; or add a state to a filing are exempt from the amended filing fees.

Link to Comments submitted by members and the public: No Comments Submitted

FILING FEE SCHEDULE

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: 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 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: October 17, 2010

Date Adopted by Commission: October 17, 2010

Effective Date of Rule: December 1, 2010

Link to Comments submitted by members and the public:

This rule has been amended.

Subject Matter of Proposed Rule: The Amendments to the IIPRC Terms and Procedures for IIPRC Filing Fees (the “Proposed Standards”) clarify the definition of Regional Filer; suggest that the filing fees be based on the asset-based premium volume of the registering company as reported the year prior to the current registration period; and remove the specific date reference to the publication of the annual Schedule of Fees.

Citation to Published Notices: Notice of this rule was published on September 28, 2012 
Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Wednesday, November 28 during the in-person joint meeting of the Management Committee and Commission at the National Harbor Gaylord Hotel.  Please reference the Event Calendar for more details.

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 November 27, 2012. Written requests for a public hearing must be received no later than October 18, 2012.

Date Amendment Approved by Management Committee: November 28, 2012

Date Amendment Adopted by Commission: November 28, 2012

Effective Date of Rule: December 17, 2012

Link to Comments submitted by members and the public:

Operating Procedure For The Adoption Of Conforming Amendments To A Uniform Standard

Nov. 12, 2007
Standard History

Subject Matter of Rule:   The Rule for the Adoption of Conforming Amendments To A Uniform Standard establishes the procedures for a Conforming Amendment to a Uniform Standard.  It outlines the role of the Product Standards Committee in submitting any proposal for a Conforming Amendment to the Management Committee, in writing.

Citation to Published Notices: Notice of this Rule was published on July 25, 2007.

Name of persons requesting Public Hearing :

Date and Location of Public Hearing, if any: September 27, 2007 , Marriott Wardman Park Hotel, 2600 Woodley Road NW, Washington DC – Marriott Ballroom, Salon 1 – Lobby Level

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 September 23, 2007. Written requests for a public hearing must be received no later than August 14, 2007. A public hearing to receive comments is scheduled for September 27, 2007. This proposed rule may be considered at a Management Committee meeting scheduled for September 27, 2007 and a Commission meeting scheduled for September 28, 2007. No further action is necessary on this Rule.

Date Approved by Management Committee: September 27, 2007 (Explanatory Statement)

Date Adopted by Commission: September 28, 2007

Effective Date of Rule: November 12, 2007

Link to Comments submitted by members and the public:
No written comments were received.

Operating Procedure Regarding Dissolution of the Compact, Termination of Participation in the Compact, and the Winding Up of the Commission’s Operations

May 12, 2008
Standard History

Subject Matter of Rule: The Operating Procedure Regarding Dissolution of the Compact, Termination of Participation in the Compact, and the Winding Up of the Commission’s Operations establishes the procedures for winding up of operations of the Commission, including the cessation of operations prior to the dissolution of the Compact and the equitable disposition of any surplus funds that may exist upon the termination of the Compact.  Additionally, procedures for the termination of a compacting state’s participation  in the Compact either through voluntary withdrawal or default are discussed, as well as the effect of dissolution on the Commission’s actions.

Citation to Published Notices:  Notice of this Rule was published on October 5, 2007.

Name of persons requesting Public Hearing : Commissioner Jane Cline, Chair of the Management Committee

Date and Location of Public Hearing, if any: February 25, 2008 via teleconference

Status of Proposed 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 December 5, 2007. Written requests for a public hearing must be received no later than October 25, 2007.

Date Approved by Management Committee: February 25, 2008

Date Adopted by Commission: March 28, 2008

Effective Date of Rule: May 12, 2008

Link to Comments submitted by members and the public: 
No comments were submitted to the Management Committee for this Operating Procedure.

Operating Procedure for Providing Notice of Opt Out of Uniform Standard by Regulation and for Submission and Consideration of Petitions for Stay of Uniform Standard

May 12, 2008
Standard History

Subject Matter of Rule:  The Standards For Additional Life Insurance Benefits Provided On A Guaranteed Insurability Basis (the “Proposed Standards”) specify submission requirements, form requirements and policy provisions for additional life insurance coverage on the life of a designated insured at specified dates and in specified amounts or under a specified formula, without requiring evidence of insurability for the designated insured; applying to benefits that are built-in to individual life insurance policy forms or added to such policy forms by rider, amendment or endorsement.

Citation to Published Notices:  Notice of this Rule was published on October 5, 2007.

Name of persons requesting Public Hearing : Commissioner Jane Cline, Chair of the Management Committee

Date and Location of Public Hearing, if any: February 25, 2008 via teleconference

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 November 3, 2007. Written requests for a public hearing must be received no later than September 24, 2007.

Date Approved by Management Committee: February 25, 2008

Date Adopted by Commission: March 28, 2008

Effective Date of Rule: May 12, 2008

Link to Comments submitted by members and the public: 
No comments were submitted to the Management Committee for this Operating Procedure.

Operating Procedure for the Filing of Certifications for Foreign Language Translations for Product Filings

Oct. 11, 2008
Standard History

Subject Matter of Rule:  The Operating Procedure for the Filing of Certifications for Foreign Language Translations for Product Filings (the "Proposed Rule") establishes procedures for the certifications of foreign language translations for product filings approved by the Commission to be sold or otherwise issued in languages other than English, if permitted under the laws of a compacting state. 

Citation to Published Notices:  Notice of this Rule was published on June 6, 2008.

Name of persons requesting Public Hearing : Industry Advisory Committee

Date and Location of Public Hearing, if any: August 25, 2008, via teleconference

Status of Proposed 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 August 5 , 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: October 11, 2008

Link to Comments submitted by members and the public: 
Comments from the Industry Advisory Committee

Operating Procedure for the Issuance of Advisory and Interpretive Opinions

Oct. 11, 2008
Standard History

Subject Matter of Rule:  The Operating Procedure for the Issuance of Advisory and Interpretative Opinions (the "Proposed Rule") establishes procedures for the IIPRC to issue bulletins, notices, general interpretations or any other form of public statement regarding the Compact, its organization and operations.

Citation to Published Notices:  Notice of this Rule was published on June 6, 2008.

Name of persons requesting Public Hearing : Industry Advisory Committee

Date and Location of Public Hearing, if any: August 25, 2008, via teleconference

Status of Proposed 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 August 5 , 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: October 11, 2008

Link to Comments submitted by members and the public:

Rule for the Self-Certification of Product Components filed with the Interstate Insurance Product Regulation Commission

Apr. 23, 2010
Standard History

Subject Matter of Proposed Rule:  This Operating Procedure establishes the procedures for a self-certification filing process for certain Product Components where the Commission determines, pursuant to adoption of an applicable Uniform Standard, that this process will adequately protect the interests of consumers and the Product Component may be filed as a Self-Certified Product Filing.

Citation to Published Notices: Notice of this Rule was published on December 11, 2009.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Chair of the Management Committee

Date and Location of Public Hearing, if any: February 22, 2010 via teleconference

Status of Proposed Rule (including upcoming meetings): The Proposed Operating Procedures has been issued for notice and comment. Written comments will be accepted on the Proposed Standards until February 10, 2010. Written requests for a public hearing must be received no later than December 31, 2009.

Date Adopted by Commission: February 22, 2010

Effective Date of Rule: April 23, 2010

Link to Comments submitted by members and the public:
Comments from Industry Advisory Committee submitted 12/14/09

Comments from the Missouri Department of Insurance, Financial Institutions and Professional Regulation submitted 1/27/10

Click to ExpandBYLAWS ADOPTED SEPTEMBER 2006

Adopted Version: Bylaws of the Interstate Insurance Product Regulation Commission

Date and Location of Public Hearing, if any: September 12, 2006, at St. Louis America's Center, St. Louis, MO.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards were issued for notice and comment on August 2, 2006.

Date Adopted by Commission: September 27, 2006

Effective Date of Rule: June 8, 2016

Click to ExpandAMENDMENTS ADOPTED SEPTEMBER 2007

Technical Amendment to the IIPRC Bylaws Concerning Electronic Legislative Notice

Subject Matter of Rule:  The Technical Amendment to the IIPRC Bylaws Concerning Electronic Legislative s (the "Proposed Rule") amends IIPRC Bylaws with regard to who receives the Legislative Notice.

Citation to Published Notices:  Notice of this Rule was distributed on August 24, 2007.

The Proposed Amendments as Noticed on August 24, 2007.

Status of Proposed Rule (including upcoming meetings): This amendment to the IIPRC Bylaws has been issued for notice and comment. Written comments will be accepted on this proposed amendment to the IIPRC Bylaws until September 23, 2007 .

Date Approved by Management Committee: September 27, 2007

Effective Date of Rule: September 28, 2007

Link to Comments submitted by members and the public:

Click to ExpandAMENDMENTS ADOPTED SEPTEMBER 2017

Name of Proposed Rule: Amendments to the Bylaws of the Interstate Insurance Product Regulation Commission

Subject Matter of Proposed Rule: Six provisions of the Bylaws of the Interstate Insurance Product Regulation Commission are proposed to be amended. The proposed amendments would alter the requirement that members must provide written notice of proxy before each meeting, clarify the terms "ascending" and "highest rank" as they relate to annual selection of the Management Committee, strike three references to "September" with respect to when the Commission holds its annual meeting, remove a clause that requires two seats on the Industry Advisory Committee be reserved for producers, and add an express prohibition on private inurement. See the Transmittal Memo for a more detailed description of the proposed amendments.

This rule would amend the following provisions of the Bylaws:

Article II. Membership
Article III. Management Committee
Article VII. Commission Meetings
Article VIII. Committees
Article XII. Dissolution of the Compact
Article IX. Finance

Citation to Published Notices: Notice of this rule was published on June 29, 2017

Date and Location of Public Hearing, if any: August 5, 2017, during the Joint Meeting of the Management Committee and Commission

Status of Proposed Rule (including Upcoming Meetings):The Proposed Amendments to Bylaws have been issued for notice and comment. Written comments on the Proposed Amendments to Bylaws will be accepted until August 28, 2017.

Date Approved by Management Committee: September 25, 2017

Date Adopted by Commission: September 26, 2017

Effective Date of Rule: September 26, 2017