RECORD

Subject Matter of Rule:  The Individual Life Application Standards are intended to apply to paper, telephonic or electronic new business applications for coverage provided by individual life insurance policy forms.  These standards do not apply to applications for Credit Life Insurance.  These standards are not intended to apply to applications used for policy changes, such as conversion, reinstatement, exchange, re-qualification, or request to add benefits to an existing policy.

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):  These standards have been issued for notice and comment.  Written comments will be accepted on these proposed new standards 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

Individual Life Insurance Application Standards adopted on February 28, 2007

Effective Date of Rule: May 31, 2007

Link to Comments submitted by members and the public:
National Fraternal Congress of America
Industry Advisory Committee

This rule has been amended.

Date Amendment Approved by Management Committee: October 27, 2008

Date Amendment Adopted by Commission: October 29, 2008

Effective Date of Amendment to Rule: February 12, 2009

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendment to the Individual Life Application Standards

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Individual Life Application standards to specify: information about the proposed insured's place of birth may be requested; requirements for authorizations for electronic instructions and delivery of information that must be included; under what circumstances information about the proposed insured's military service must be requested; multi-purpose applications are permissible and the conditions that are applicable to such filings; additional acknowledgments may be included in the filing for variable products, entity ownership and certain disclosure and receipt requirements; and the required notice regarding an agreement to sell or assign the policy must provide that state law may specify a certain time period restricting such agreement, rather than the two-year limitation in the originally adopted standards.

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

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: October 27, 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 August 21, 2008. Written requests for a public hearing must be received no later than September 30, 2008.

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

Subject Matter of Rule: The Standards for Application Change Form apply to forms that are used during the underwriting process to make changes to answers that had been provided by the applicant in paper, telephonic or electronic new business applications for coverage provided by individual life insurance policy forms.  These standards are not intended to apply to forms that are used to make policy changes, such as conversion, reinstatement, exchange, re-qualification, or request to add benefits to an existing policy.

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

Individual Life Application Change Form Standards adopted on February 28, 2007

Effective Date of Rule: May 31, 2007

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

This rule has been amended.

Date Amendment Approved by Management Committee: October 27, 2008

Date Amendment Adopted by Commission: October 29, 2008

Effective Date of Amendment to Rule: February 12, 2009

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendment to the Standards for Individual Life Application Change Form

Subject Matter of Proposed Rule: The purpose of this rule is to amend the title of the Amendment to Standards for Individual Life Application Change Form, clarify the definition, and remove restrictions on using forms filed under this rule with applications for new business only.

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

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: October 27, 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 August 21, 2008. Written requests for a public hearing must be received no later than September 30, 2008.

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

Subject Matter of Proposed Rule:  The Individual Annuity Application Standards (the "Proposed Standards) apply to paper, telephonic or electronic applications for coverage provided by individual annuity contract forms; and to new business applications as well as applications used to request changes to existing contracts.

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

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: October 27, 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 September 30 , 2008. Written requests for a public hearing must be received no later than August 21, 2008.

Date Approved by Management Committee: October 27, 2008

Date Adopted by Commission: October 29, 2008

Effective Date of Rule: February 12, 2009

Original Version: Individual Annuity Application Standards

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

This rule has been amended by Conforming Amendment.

Date Amendment Approved by Management committee: December 4, 2009

Date Amendment Adopted by Commission: December 28, 2009 by operation of the Operating Procedure for the Adoption of conforming Amendments to a Uniform Standard.

Effective Date of Rule: January 12, 2010

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Conforming Amendments to Individual Annuity Application Standards

Subject Matter of Proposed Rule: The purpose is to amend the Individual Annuity Application Standards.  The Conforming Amendments would appear in Section 3 as a new Item G, “Agreement to Sell or Assign Contract for Which Application is Being Made” and would establish the ability for the application to inquire whether any party to the application has or plans to enter into any agreement to sell or assign ownership of a beneficial interest in the applied-for-contract, and whether any party to the application has ever sold, transferred or assigned an annuity contract, the amendment also permits the application to include a  notice regarding potential state-imposed limitations on the ability to sell, transfer or assign an annuity contract.  The remaining items in Section 3 would be re-numbered accordingly.

Citation to Published Rule: Notice of this rule was published on October 29, 2009. 

Name of persons requesting Public Hearing: None.

Date and Location of Public Hearing, if any: The Rule for the Adoption of Conforming Amendments does not establish a procedure for requesting a public hearing.

Status of Proposed Rule (including upcoming meetings): Adopted

Link to Comments submitted by members and the public: None

Subject Matter of Proposed Rule:  The Standards for Individual Annuity Application Change Form (the "Proposed Standards) apply to forms that are used during the underwriting process to make changes to answers that had been provided by the applicant in paper, telephonic or electronic applications for coverage provided by individual annuity contract forms.

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

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: October 27, 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 September 30 , 2008. Written requests for a public hearing must be received no later than August 21, 2008.

Date Approved by Management Committee: October 27, 2008

Date Adopted by Commission: October 29, 2008

Effective Date of Rule: February 12, 2009

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

Name of Proposed Rule: Individual Long-Term Care Insurance Application Standards

Subject Matter of Proposed Rule:  The Individual Long-Term Care Insurance Application Standards (the “Proposed Standards”) apply to paper, telephonic or electronic applications for coverage provided by individual long-term care insurance policy forms. These standards are intended to apply to new business applications as well as applications used to request changes to existing policies.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Individual Long-Term Care Insurance Application Standards:

• Recommended by Product Standards Committee on 12/29/09
• Recommended by Product Standards Committee on 1/11/10
• Recommended by Product Standards Committee on 7/13/10

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted 1/11/10
• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010
• Comments from Industry Advisory Committee submitted 7/19/10
• IAC Response to South Carolina Re: Optional Benefit For Home Health Care/Community Care Benefits

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

Name of Proposed Rule: Standards for Forms Required to be Used with an Individual Long-Term Care Insurance Application

Subject Matter of Proposed Rule:  The Standards for Forms Required to be Used with an Individual Long-Term Care Insurance Application (the “Proposed Standards”) apply to forms that are required to be used with individual long-term care applications, including the suitability forms, the Potential Rate Increase Disclosure Form, the Replacement Notice and the HIPAA Medical Authorization.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Standards for Forms Required to be used with an Individual Long-Term Care Insurance Application:

• Recommended by Product Standards Committee on 12/29/09
• Recommended by Product Standards Committee on 1/11/10
• Recommended by Product Standards Committee on 7/30/10
• Recommended by Product Standards Committee on 8/10/10

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted 1/11/2010
• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010
• Comments from Industry Advisory Committee submitted 2/10/2010
• Comments from Industry Advisory Committee submitted 3/9/2010

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

This rule has been amended.

Date Amendments Adopted by Management Committee: April 25, 2011

Date Amendments Adopted by Commission: April 25, 2011

Effective Date of Amendments to the Rule: July 24, 2011

Name of Proposed Rule: Amendments to Standards for Forms Required to Be Used with an Individual Long-Term Care Insurance Application

Subject Matter of Proposed Rule: The Amendments to Standards for Forms Required to Be Used with an Individual Long-Term Care Insurance Application (the “Proposed Standards”) amendments clarify that the Rate Increase History disclosure requirements are to be provided with only the Personal Worksheet.

Citation to Published Notices: Notice of this rule was published on February 3, 2011

Name of persons requesting Public Hearing: Commissioner Roger Sevigny, New Hampshire

Date and Location of Public Hearing, if any: March 25, 2011 Joint Meeting of the Management Committee and Commission in Austin, TX

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 April 4, 2011. Written requests for a public hearing must be received no later than February 23, 2011.

Date Adopted by Commission:

Effective Date of Rule:

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted January 24, 2011

Name of Proposed Rule: Standards for Individual Long-Term Care Insurance Application Change Form

Subject Matter of Proposed Rule:  The Standards for Individual Long-Term Care Insurance Application Change Form (the “Proposed Standards”) apply to forms used during the underwriting process to make changes to answers that had been provided by the applicant in paper, telephonic or electronic applications for coverage provided by individual long-term care insurance forms.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Standards for Individual Long-Term Care Insurance Application Change Form:

• Recommended by Product Standards Committee on 12/29/09

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted 1/11/2010
• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

Name of Proposed Rule: Individual Disability Income Insurance Application Standards

Subject Matter of Proposed Rule: The Individual Disability Income Insurance Application Standards are intended to apply to paper, telephonic or electronic applications for coverage provided by insurance policy forms for disability income plans, buy-sell plans, key person plans and business overhead expense plans that are individually underwritten, including such plans that are marketed through employer and association sponsored groups (“multi-life” plans), as applicable. These standards are intended to apply to new business applications as well as applications used to request changes to existing policies. The company may submit one multi-purpose application to accommodate new business and all policy changes (conversion, reinstatement, suspension of coverage while in military service, exercise of guaranteed insurability option, plan changes, risk class improvements, addition of benefit feature, changes to existing benefit feature, etc.), submit separate applications for each purpose, or submit an application with any combination of purposes (new business and reinstatement only, all policy changes only, etc.).

Citation to Published Notices: Notice of this rule was published on April 29, 2011

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, September 26, 2011 via conference call

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 June 28, 2011. Written requests for a public hearing must be received no later than May 19, 2011.

Date Approved by Management Committee:  September 26, 2011

Date Adopted by Commission: September 26, 2011

Effective Date of Rule: January 11, 2012

Original Version: Standards for Individual Disability Income Insurance Applications

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted April 25, 2011
• Summary of the Product Standards Committee Response to Comments Regarding the Proposed Individual Disability Income Uniform Standards submitted September 20, 2011

Link to Comments submitted by members and the public:

• Comments from the Massachusetts Division of Insurance Submitted on August 23, 2011
• Comments from the Industry Advisory Committee submitted May 31, 2011

Name of Proposed Rule: Standards for Individual Disability Income Insurance Application Change Form

Subject Matter of Proposed Rule: The Standards for Individual Disability Income Insurance Application Change Form apply to forms that are used during the underwriting process to make changes to answers that had been provided by the applicant in paper, telephonic or electronic applications for coverage provided by individual disability income insurance plans, buy-sell plans, key person plans or business overhead expense plans.

Citation to Published Notices: Notice of this rule was published on July 1, 2011

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, September 26, 2011 via conference call

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 August 30, 2011. Written requests for a public hearing must be received no later than July 21, 2011.

Date Approved by Management Committee:  September 26, 2011

Date Adopted by Commission: September 26, 2011

Effective Date of Rule: January 11, 2012

Original Version: Standards for Individual Disability Income Insurance Application Change Form

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted June 27, 2011
• Summary of the Product Standards Committee Response to Comments Regarding the Proposed Individual Disability Income Uniform Standards submitted September 20, 2011

Link to Comments submitted by members and the public:

• Comments from the Massachusetts Division of Insurance Submitted on August 23, 2011
• Comments from the Industry Advisory Committee submitted May 31, 2011

Subject Matter of Rule: The Individual Term Life Insurance Policy Standards specify additional submission requirements, form requirements and policy provisions for traditional forms of individual term life insurance, including renewable term for various term periods, term to a specified age, and decreasing term insurance.  Deposit term plans, plans that provide joint and last to die survivorship coverage, plans sold in connection with pre-need funeral arrangements, and plans providing early duration reduced benefits are not to be submitted using these standards.  The Standards include required and optional provisions for applicable policy forms, such as any applicable exclusions, death benefit proceeds, grace period, incontestability, loans, reinstatement and right to examine.

Certain portions of the proposed Standards are also proposed to be conforming amendments to each of the uniform standards promulgated by the Interstate Insurance Product Regulation Commission (“Commission”) on December 8, 2006:  Flexible Premium Adjustable Life Policy Standards, Joint Last to Die Survivorship Flexible Premium Adjustable Life, Flexible Premium Variable Adjustable Life, Joint Last to Die Survivorship Flexible Premium Variable Adjustable Life, and Modified Single Premium Adjustable Life.  For further information, please refer to the published notice of this proposed rule.

Citation to Published Notices: Notice of this Rule was published on January 24, 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 Proposed Rule (including upcoming meetings):  This uniform standard has been issued for notice and comment.  Written comments will be accepted on this proposed new uniform standard until March 26, 2007.  Written requests for a public hearing must be received no later than February 13, 2007. The Proposed Standards are subject to Management Committee and Commission review, approval and adoption on June 1.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: September 6, 2007

Original Version: Individual Term Life Insurance Policy Standards

Link to Comments submitted by members and the public:

Rep. Robert Damon (KY)
IIPRC Industry Advisory Committee
LISA Comments (03/26)
LISA Comments (05/14)

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Individual Term Life Insurance Policy Standards adopted August 27, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

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: October 17, 2010

Date Adopted by Commission: October 17, 2010

Effective Date of Rule: January 15, 2010

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted July 13, 2010

Subject Matter of Proposed Rule:  The Individual Single Premium Term Life Insurance Policy Standards (the “Proposed Standards”) specify additional submission requirements, form requirements and policy provisions for traditional forms of individual single premium term life insurance, including various term periods, term to a specified age, and decreasing term insurance. Deposit term plans, plans that provide joint and last to die survivorship coverage, plans sold in connection with pre-need funeral arrangements, or plans providing early duration reduced benefits are outside the scope of these Proposed Standards.

Citation to Published Notices: Notice of the Proposed Standards was published on March 1, 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 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 April 1, 2007. Written requests for a public hearing must be received no later than March 21, 2007. The Proposed Standards are subject to Management Committee and Commission review, approval and adoption on June 1.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: September 6, 2007

Original Version: Individual Single Premium Term Life Insurance Policy Standards

Link to Comments submitted by members and the public:
LISA Comments (04/30)
Industry Advisory Committee Comments
State Representative Damron (KY) Comments
Kentucky Comments
LISA Comments (05/14)

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule: The Individual Joint Last to Die Survivorship Term Life Insurance Policy Standards (the “Proposed Standards”) specify additional submission requirements, form requirements and policy provisions for traditional forms of individual joint last to die survivorship term life insurance, including renewable term for various term periods, term to a specified age, and decreasing term insurance, which provide that the death benefit is payable upon the death of the last surviving insured to die. Deposit term plans, plans sold in connection with pre-need funeral arrangements, or plans providing early duration reduced benefits are outside the scope of these Proposed Standards.

Citation to Published Notices: Notice of the Proposed Standards was published on March 1, 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 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 April 1, 2007. Written requests for a public hearing must be received no later than March 21, 2007. The Proposed Standards are subject to Management Committee and Commission review, approval and adoption on June 1.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: September 6, 2007

Original Version: Individual Joint Last to Die Survivorship Term Life Insurance Policy Standards

Link to Comments submitted by members and the public:
LISA Comments (04/30)
Industry Advisory Committee Comments
State Representative Damron (KY) Comments
Kentucky Comments
LISA Comments (05/14)

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Proposed Rule:  The Individual Single Premium Joint Last to Die Survivorship Term Life Insurance Policy Standards (the “Proposed Standards”) specify additional submission requirements, form requirements and policy provisions for traditional forms of individual single premium term life insurance, including various term periods, term to a specified age, and decreasing term insurance, which provide that the death benefit is payable upon the death of the last surviving insured to die. Deposit term plans, plans that provide joint and last to die survivorship coverage, plans sold in connection with pre-need funeral arrangements, or plans providing early duration reduced benefits are outside the scope of these Proposed Standards.

Certain portions of the Proposed Standards are also proposed to be conforming amendments to each of the uniform standards promulgated by the Interstate Insurance Product Regulation Commission on December 8, 2006: Flexible Premium Adjustable Life Policy Standards, Joint Last to Die Survivorship Flexible Premium Adjustable Life, Flexible Premium Variable Adjustable Life, Joint Last to Die Survivorship Flexible Premium Variable Adjustable Life, and Modified Single Premium Adjustable Life. For further information, please refer to the published notice of the Proposed Standards.

Citation to Published Notices: Notice of the Proposed Standards was published on March 1, 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 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 April 1, 2007. Written requests for a public hearing must be received no later than March 21, 2007. The Proposed Standards are subject to Management Committee and Commission review, approval and adoption on June 1.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission:

Effective Date of Rule: September 6, 2007

Original Version: Individual Single Premium Joint Last to Die Survivorship Term Life Insurance Policy Standards

Link to Comments submitted by members and the public:
LISA Comments (04/30)
Industry Advisory Committee Comments
State Representative Damron (KY) Comments
Kentucky Comments
LISA Comments (05/14)

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule:  The Individual Whole Life Insurance Policy Standards (the “Proposed Standards”) specify additional submission requirements, form requirements and policy provisions for traditional forms of individual whole life insurance, including limited pay whole life insurance. The Proposed Standards include required and optional provisions for applicable policy forms, such as any applicable exclusions, death benefit proceeds, grace period, incontestability, loans, reinstatement and right to examine. Plans that are interest sensitive with an account value, plans that provide joint and last to die survivorship coverage, plans sold in connection with pre-need funeral arrangements and plans providing early duration reduced benefits are outside the scope of these standards.

Citation to Published Notices: Notice of the Proposed Standards was published on March 14, 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 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 May 14, 2007. Written requests for a public hearing must be received no later than April 3, 2007. The Proposed Standards are subject to Management Committee and Commission review, approval and adoption on June 1.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: September 6, 2007

Original Version: Individual Whole Life Insurance Policy Standards

Link to Comments submitted by members and the public:
AARP Comments
IIPRC Industry Advisory Committee Comments
Kentucky Comments
LISA Comments

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Individual Whole Life Insurance Policy Standards Adopted August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

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: October 17, 2010

Date Adopted by Commission: October 17, 2010

Effective Date of Rule: January 15, 2011

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted July 13, 2010

Subject Matter of Rule: The Individual Single Premium Whole Life Insurance Policy Standards (the “Proposed Standards”) specify additional submission requirements, form requirements and policy provisions for traditional forms of individual single premium whole life insurance. The Proposed Standards include required and optional provisions for applicable policy forms, such as any applicable exclusions, death benefit proceeds, grace period, incontestability, loans and right to examine. Plans that are interest sensitive with an account value, plans sold in connection with pre-need funeral arrangements and plans providing early duration reduced benefits are outside the scope of these standards.

Citation to Published Notices: Notice of the Proposed Standards was published on March 14, 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 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 May 14, 2007. Written requests for a public hearing must be received no later than April 3, 2007. The Proposed Standards are subject to Management Committee and Commission review, approval and adoption on June 1.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: September 6, 2007

Original Version: Individual Single Premium Whole Life Insurance Policy Standards

Link to Comments submitted by members and the public:
AARP Comments
IIPRC Industry Advisory Committee Comments
Kentucky Comments
LISA Comments

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule:  The Individual Joint Last to Die Survivorship Whole Life Insurance Policy Standards (the “Proposed Standards”) specify additional submission requirements, form requirements and policy provisions for traditional forms of individual joint last to die survivorship whole life insurance, including limited pay whole life insurance, which provide that the death benefit is payable upon the death of the last surviving insured to die. The Proposed Standards include required and optional provisions for applicable policy forms, such as any applicable exclusions, death benefit proceeds, grace period, incontestability, loans, reinstatement and right to examine. Plans that are interest sensitive with an account value, plans sold in connection with pre-need funeral arrangements and plans providing early duration reduced benefits are outside the scope of these standards.

Citation to Published Notices: Notice of the Proposed Standards was published on March 14, 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 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 May 14, 2007. Written requests for a public hearing must be received no later than April 3, 2007. The Proposed Standards are subject to Management Committee and Commission review, approval and adoption on June 1.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: September 6, 2007

Original Version: Individual Joint Last to Die Survivorship Whole Life Insurance Policy Standards

Link to Comments submitted by members and the public:
AARP Comments
IIPRC Industry Advisory Committee Comments
Kentucky Comments
LISA Comments

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule:  The Individual Single Premium Joint Last to Die Survivorship Whole Life Insurance Policy Standards (the “Proposed Standards”) specify additional submission requirements, form requirements and policy provisions for traditional forms of individual joint last to die survivorship whole life insurance, including limited pay whole life insurance, which provide that the death benefit is payable upon the death of the last surviving insured to die. The Proposed Standards include required and optional provisions for applicable policy forms, such as any applicable exclusions, death benefit proceeds, grace period, incontestability, loans, reinstatement and right to examine. Plans that are interest sensitive with an account value, plans sold in connection with pre-need funeral arrangements and plans providing early duration reduced benefits are outside the scope of these standards.

Citation to Published Notices: Notice of the Proposed Standards was published on March 14, 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 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 May 14, 2007. Written requests for a public hearing must be received no later than April 3, 2007. The Proposed Standards are subject to Management Committee and Commission review, approval and adoption on June 1.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission:

Effective Date of Rule: September 6, 2007

Original Version: Individual Single Premium Joint Last to Die Survivorship Whole Life Insurance Policy Standards

Link to Comments submitted by members and the public:
AARP Comments
IIPRC Industry Advisory Committee Comments
Kentucky Comments
LISA Comments

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Proposed Rule:   The Individual Current Assumption Whole Life Insurance Policy Standards (the “Proposed Standards”) specify submission requirements, form requirements and policy provisions for individual current assumption whole life insurance, including limited pay policies. The Proposed Standards include required and optional provisions for applicable policy forms, such as any applicable exclusions, death benefit proceeds, grace period, incontestability, loans and right to examine. I’d suggest changing the font in this paragraph to match the others.

Certain portions of the Proposed Standards are also proposed to be conforming amendments to each of the uniform standards adopted by the Interstate Insurance Product Regulation Commission on December 8, 2006: Flexible Premium Adjustable Life Policy Standards, Joint Last to Die Survivorship Flexible Premium Adjustable Life, Flexible Premium Variable Adjustable Life, Joint Last to Die Survivorship Flexible Premium Variable Adjustable Life, and Modified Single Premium Adjustable Life. For further information, please refer to the published notice of the Proposed Standards.

Citation to Published Notices:  Notice of this Rule was published on April 27, 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

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 June 26, 2007. Written requests for a public hearing must be received no later than May 17, 2007.

Date Approved by Management Committee: September 27, 2007

Date Adopted by Commission: September 28, 2007

Effective Date of Rule: January 3, 2008

Original Version: Individual Current Assumption Whole Life Insurance Policy Standards and Conforming Amendments to Individual Adjustable Life Standards

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

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Name of Proposed Rule: Amendments to the Individual Current Assumption Whole Life Insurance Policy Standards

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Scope section of the Individual Current Assumption Whole Life Insurance Policy Standards. The amendment would relocate two existing sentences from the second paragraph of the Scope section to the end of the first paragraph. This is intended to clarify that these standards do apply to the product features described in these sentences. This amendment would also delete the existing Appendix B and renumber accordingly because the actuarial demonstration contained in this appendix does not correspond to the demonstration called for in paragraph 6A of the actuarial submission requirements within the body of these standards.

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

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

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: October 17, 2010

Date Adopted by Commission:

Effective Date of Rule: January 15, 2011

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted July 13, 2010

Subject Matter of Proposed Rule: The Individual Endowment Insurance Policy Standards specify submission requirements, form requirements and policy provisions for individual endowment insurance policies; including limited pay endowment insurance except for single premium endowment insurance policy standards. Plans that are interest sensitive with an account value, plans that provide joint and last to die survivorship coverage, plans sold in connection with pre-need funeral arrangements, plans providing early duration reduced benefits, or plans providing return of premium benefits shall not be submitted under these standards.

Citation to Published Notices:  Notice of this Rule was published on June 27, 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

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 August 26, 2007. Written requests for a public hearing must be received no later than July 17, 2007.

Date Approved by Management Committee: September 27, 2007

Date Adopted by Commission: September 28, 2007

Effective Date of Rule: January 3, 2008

Original Version: Individual Endowment Insurance Policy Standards

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Proposed Rule: The Individual Single Premium Endowment Insurance Policy Standards specify submission requirements, form requirements and policy provisions for individual single premium endowment insurance policies. Plans that are interest sensitive with an account value, plans that provide joint and last to die survivorship coverage, plans sold in connection with pre-need funeral arrangements, or plans providing early duration reduced benefits shall not be submitted under these standards.

Citation to Published Notices:  Notice of this Rule was published on June 27, 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

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 August 26, 2007. Written requests for a public hearing must be received no later than July 17, 2007.

Date Approved by Management Committee: September, 27 2007

Date Adopted by Commission: September 28,2007

Effective Date of Rule: January 3, 2008

Original Version: Individual Single Premium Endowment Insurance Policy Standards

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Proposed Rule:  The Individual Joint Last To Die Survivorship Endowment Insurance Policy Standards specify submission requirements, form requirements and policy provisions for individual joint last to die survivorship endowment insurance policies, which provide that the death benefit is payable upon the death of the last surviving insured to die, including limited pay endowment insurance except for single premium endowment insurance policy standards. Plans that are interest sensitive with an account value, plans sold in connection with pre-need funeral arrangements, plans providing early duration reduced benefits, or plans providing return of premium benefits that have endowment-like features shall not be submitted under these standards.

Citation to Published Notices:  Notice of this Rule was published on June 27, 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

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 August 26, 2007. Written requests for a public hearing must be received no later than July 17, 2007.

Date Approved by Management Committee: September 27, 2007

Date Adopted by Commission: September 28, 2007

Effective Date of Rule: January 3, 2008

Original Version: Individual Joint Last To Die Survivorship Endowment Insurance Policy Standards

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Proposed Rule:  The Individual Single Premium Joint Last To Die Survivorship Endowment Insurance Policy Standards specify submission requirements, form requirements and policy provisions for traditional forms of individual single premium joint last to die survivorship endowment insurance which provide that the death benefit is payable upon the death of the last surviving insured to die. Plans that are interest sensitive with an account value, plans sold in connection with pre-need funeral arrangements, or plans providing early duration reduced benefits shall not be submitted under these standards.

Citation to Published Notices:  Notice of this Rule was published on June 27, 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

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 August 26, 2007. Written requests for a public hearing must be received no later than July 17, 2007.

Date Approved by Management Committee:  September 27, 2007

Date Adopted by Commission:  September 28, 2007

Effective Date of Rule: January 3, 2008

Original Version: Individual Single Premium Joint Last To Die Survivorship Endowment Insurance Policy Standards

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Actuarial Certification of Compliance

Subject Matter of Proposed Rule:  The purpose of this rule is to amend certain uniform standards by clarifying the requirement that certain elements of the actuarial memorandum be certified as compliant with NAIC model laws or regulations. This amendment would affect all individual life insurance policy standards that do not already contain a sample certification.

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

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule:  The purpose of this rule is to establish reasonable uniform standards for Individual Flexible Premium Adjustable Life products filed with the Interstate Insurance Product Regulation Commission (“IIPRC”). A Flexible Premium Adjustable Life policy allows the owner to vary the amount and/or timing of premium payments and may allow the owner to adjust the amount of insurance. The policy provides for an optionally paid “planned” premium selected by the owner, and may provide more than one death benefit option (for example, the Specified Amount, the Specified Amount plus Account Value and the Specified Amount plus Return of Premium). The policy operates with a monthly deduction (which includes the cost of insurance and other charges) being deducted from the account value of the policy. Monthly deductions continue until the value is insufficient to cover the current monthly deduction due. The policy then terminates, subject to a grace period of at least 60 days.

Comparison Version Highlighting the Conforming Amendments

Date Approved by Management Committee: December 8, 2006

Date Adopted by Commission: December 8, 2006

Effective Date of Rule: April 5, 2007

Date Amended Version Approved by the Management Committee: June 1, 2007

Date Amended Version Adopted by Commission: June 1, 2007

Effective Date of Amended Rule: September 30, 2007

Original Version: Individual Flexible Premium Adjustable Life Insurance Policy Standards

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule: The purpose of this rule is to establish reasonable uniform standards for Individual Joint Last to Die Survivorship Flexible Premium Adjustable Life products filed with the Interstate Insurance Product Regulation Commission (“Commission”). A Flexible Premium Adjustable Life policy allows the owner to vary the amount and/or timing of premium payments and may allow the owner to adjust the amount of insurance. As survivorship coverage the policy provides that the death benefit is payable upon the death of the last surviving insured to die. The policy provides for an optionally paid “planned” premium selected by the owner, and may provide more than one death benefit option (for example, the Specified Amount, the Specified Amount plus Account Value and the Specified Amount plus Return of Premium). The policy operates with a monthly deduction (which includes the cost of insurance and other charges) being deducted from the account value of the policy. Monthly deductions continue until the value is insufficient to cover the current monthly deduction due. The policy then terminates, subject to a grace period of at least 60 days.

Comparison Version Highlighting the Conforming Amendments

Date Approved by Management Committee: December 8, 2006

Date Adopted by Commission: December 8, 2006

Effective Date of Rule: April 5, 2007

Original Version: Individual Joint Last to Die Survivorship Flexible Premium Adjustable Life Insurance Policy Standards

Date Amended Version Approved by the Management Committee: June 1, 2007

Date Amended Version Adopted by Commission: June 1, 2007

Effective Date of Amended Rule: September 30, 2007

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule:   The purpose of this rule is to establish reasonable uniform standards for Individual Single Premium Modified Adjustable Life products filed with the Interstate Insurance Product Regulation Commission (“IIPRC”). A Modified Single Premium Adjustable Life policy allows the owner to pay a single premium at issue of at least 80% of the single premium necessary to comply with either the federal Guideline Single Premium Test or the federal Cash Value Accumulation Test, as applicable for the plan. Subsequent to issue the owner is generally permitted to pay any balance of the single premium necessary. The policy may allow the owner to adjust the amount of insurance. and may provide more than one death benefit option (for example, the Specified Amount, the Specified Amount plus Account Value and the Specified Amount plus Return of Premium). The policy operates with a monthly deduction (which includes the cost of insurance and other charges) being deducted from the account value of the policy. Monthly deductions continue until the value is insufficient to cover the current monthly deduction due. The policy then terminates, subject to a grace period of at least 60 days.

Comparison Version Highlighting the Conforming Amendments

Date Approved by Management Committee: December 8, 2006

Date Adopted by Commission: December 8, 2006

Effective Date of Rule: April 5, 2007

Original Version: Individual Modified Single Premium Adjustable Life Insurance Policy Standards

Date Amended Version Approved by the Management Committee: June 1, 2007

Date Amended Version Adopted by Commission: June 1, 2007

Effective Date of Amended Rule: September 30, 2007

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Proposed Rule: The Individual Modified Single Premium Variable Life Insurance Policy Standards (the “Proposed Standards”) specify submission requirements, form requirements and policy provisions for individual modified single premium variable life insurance that provide s for benefits and values to vary in relation to the performance of an underlying separate account. Such policies allow the owner to pay a single premium at issue between 80% and 100% of the federal Guideline Single Premium. The Proposed Standards include required and optional provisions for applicable policy forms, such as any applicable exclusions, death benefit proceeds, grace period, incontestability, loans and right to examine .

Citation to Published Notices:  Notice of this Rule was published on April 27, 2007.

Date Approved by Management Committee: December 8, 2006

Date Adopted by Commission: December 8, 2006

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

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 June 26, 2007. Written requests for a public hearing must be received no later than May 17, 2007.

Date Approved by Management Committee: September 27, 2007

Date Adopted by Commission: September 28, 2007

Effective Date of Rule: January 3, 2008

Original Version: Individual Modified Single Premium Variable Life Insurance Policy Standards

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

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Proposed Rule:  The Individual Modified Single Premium Joint First To Die Variable Life Insurance Policy Standards (the “Proposed Standards”) specify submission requirements, form requirements and policy provisions for individual modified single premium joint first to die variable life insurance policies that provide for benefits and values to vary in relation to the performance of an underlying separate account. As joint first to die coverage, these standards apply where two insureds are insured and the death benefit is payable upon the first death. Such policies allow the owner to pay a single premium at issue between 80% and 100% of the federal Guideline Single Premium. The proposed Standards include required and optional provisions for applicable policy forms, such as any applicable exclusions, death benefit proceeds, grace period, incontestability, loans and right to examine.

Citation to Published Notices:  Notice of this Rule was published on April 27, 2007.

Date Approved by Management Committee: December 8, 2006

Date Adopted by Commission: December 8, 2006

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

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 June 26, 2007. Written requests for a public hearing must be received no later than May 17, 2007.

Date Approved by Management Committee: September 27, 2007

Date Adopted by Commission: September 28,2007

Effective Date of Rule: January 3, 2008

Original Version: Individual Modified Single Premium Joint First To Die Variable Life Insurance Policy Standards

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

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule:  The purpose of this rule is to establish reasonable uniform standards for Individual Flexible Premium Variable Adjustable Life products filed with the Interstate Insurance Product Regulation Commission (“Commission”). A Flexible Premium Variable Adjustable Life policy allows the owner to vary the amount and/or timing of premium payments and may allow the owner to adjust the amount of insurance. The policy provides for an optionally paid “planned” premium selected by the owner, and may provide more than one death benefit option (for example, the Specified Amount, the Specified Amount plus Account Value and the Specified Amount plus Return of Premium). The policy operates with a monthly deduction (which includes the cost of insurance and other charges) being deducted from the account value of the policy. Monthly deductions continue until the value is insufficient to cover the current monthly deduction due. The policy then terminates, subject to a grace period of at least 60 days. These standards apply to policies that provide for benefits and values to vary in relation to the performance of an underlying separate account. These policies usually also allow for a general account or general account option, where money is deposited in the general account of the company and guaranteed to accumulate at specified interest rates.

Comparison Version Highlighting the Conforming Amendments

Date Approved by Management Committee: December 8, 2006

Date Adopted by Commission: December 8, 2006

Effective Date of Rule: April 5, 2007

Date Amended Version Approved by the Management Committee: June 1, 2007

Date Amended Version Adopted by Commission: June 1, 2007

Effective Date of Amended Rule: September 30, 2007

Original Version: Individual Flexible Premium Variable Adjustable Life Insurance Policy Standards

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule:   The purpose of this rule is to establish reasonable uniform standards for Individual Joint Last to Die Flexible Premium Variable Adjustable Life products filed with the Interstate Insurance Product Regulation Commission (“Commission”). A Flexible Premium Variable Adjustable Life policy allows the owner to vary the amount and/or timing of premium payments and may allow the owner to adjust the amount of insurance. As survivorship coverage the policy provides that the death benefit is payable upon the death of the last surviving insured to die. The policy provides for an optionally paid “planned” premium selected by the owner, and may provide more than one death benefit option (for example, the Specified Amount, the Specified Amount plus Account Value and the Specified Amount plus Return of Premium). The policy operates with a monthly deduction (which includes the cost of insurance and other charges) being deducted from the account value of the policy. Monthly deductions continue until the value is insufficient to cover the current monthly deduction due. The policy then terminates, subject to a grace period of at least 60 days. These standards apply to policies that provide for benefits and values to vary in relation to the performance of an underlying separate account. These policies usually also allow for a general account or general account option, where money is deposited in the general account of the company and guaranteed to accumulate at specified interest rates.

Comparison Version Highlighting the Conforming Amendments

Date Approved by Management Committee: December 8, 2006

Date Adopted by Commission: December 8, 2006

Effective Date of Rule: April 5, 2007

Original Version: Individual Joint Last to Die Survivorship Flexible Premium Variable Adjustable Life Insurance Policy Standards

Date Amended Version Approved by the Management Committee: June 1, 2007

Date Amended Version Adopted by Commission: June 1, 2007

Effective Date of Amended Rule: September 30, 2007

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: August 25, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: December 14, 2008

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Actuarial Memorandum Requirements Section

Subject Matter of Proposed Rule: The purpose of this rule is to amend the individual life insurance policy standards to relocate existing submission requirements related to the actuarial memorandum into a separate, independent section of the standards.  The objective of this amendment is to improve compliance with the actuarial submission requirements in product filings received by the Interstate Insurance Product Regulation Commission (“IIPRC”) and to simplify the product review and approval process.

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

Name of Proposed Rule: Amendment Regarding Underwriting Exclusions

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Exclusions section of certain uniform standards. The amendment concerns the method of adding exclusions to a policy such that addition by policy amendment would be permitted, along with the existing methods of rider and endorsement. This amendment would also permit exclusions on the basis of foreign travel and foreign residency, subject to applicable law in the state where the policy is delivered or issued for delivery and subject to the general requirements for adding such exclusions. The amendment also prohibits excluding death benefits on the basis of risk of death as a result of war or activities of military service for applicants identified as members of the military in the application. The general requirements for adding exclusions are provided in the Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process and the applicable individual policy standards.

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

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

Additional Amendment Proposed by the Product Standards Committee
Memo regarding Additional Amendment Proposed by the Product Standards Committee

Subject Matter of Rule: The Additional Standards for Private Placement Plans for Individual Variable Adjustable Life Insurance Policies (the “Proposed Standards”) specify additional submission requirements for benefits that are built into individual variable adjustable life insurance policies, that are issued exclusively to an accredited investor or qualified purchaser, and that vary in relation to the performance of an underlying separate account where the investment funds in the private placement separate account may be exempt from registration with the SEC.

Citation to Published Notices: Notice of this rule was published on January 5, 2011

Name of persons requesting Public Hearing: Commissioner Roger Sevigny, New Hampshire

Date and Location of Public Hearing, if any: March 25, 2011 Joint Meeting of the Management Committee and Commission in Austin, TX

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 March 6, 2011. Written requests for a public hearing must be received no later than January 25, 2011.

Date Approved by Management Committee: March 25, 2011

Date Adopted by Commission: March 25, 2011

Effective Date of Rule: July 3, 2011

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted December 20, 2010

Subject Matter of Rule: The Standards for All Benefit Features Added by Rider, Endorsement or Amendment to an Individual Life Policy provide general submission and form requirements that apply to all benefits added to policies by rider, endorsement or amendment.  These standards are in addition to the specific standards applicable to each benefit feature.

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: May 31, 2007

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

Subject Matter of Rule: The Standards for Accidental Death Benefits provide for the payment of benefits to the beneficiary under a life insurance policy in the event death occurs due to an accident as defined by the terms of the policy.  The Standards apply to this benefit feature whether the feature is added to a policy by rider, endorsement, amendment or incorporation into a policy form.  The Standards include required and optional provisions for the benefit, such as any applicable exclusions, incontestability, and termination.

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 uniform standard has been issued for notice and comment.  Written comments will be accepted on this proposed new uniform standard 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: May 31, 2007

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

Subject Matter of Rule: The Standards for Accidental Death and Dismemberment Benefits provide for the payment of benefits to the beneficiary under a life insurance policy in the event death occurs due to an accident as defined by the terms of the policy.  The Standards apply to this benefit feature whether the feature is added to a policy by rider, endorsement, amendment or incorporation into a policy form.  The Standards include required and optional provisions for the benefit, such as any applicable exclusions, incontestability, and termination.

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 uniform standard has been issued for notice and comment.  Written comments will be accepted on this proposed new uniform standard 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: May 31, 2007

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

Subject Matter of Rule: The Standards for Accelerated Death Benefits provide for the advance payment of some or all of the death proceeds payable under a life insurance policy upon the occurrence of a qualifying event.  The Standards apply to the benefit feature whether added to a policy by rider, endorsement, amendment or incorporation into a policy form.  The Standards include required and optional provisions for the benefit, such as any applicable exclusions, incontestability, reinstatement and termination.  The Standards also require the submission of an actuarial certification that the value and premium of the accelerated death benefit is incidental to the life coverage.

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: May 31, 2007

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

Subject Matter of Rule: These standards apply to the waiver of premiums due under an individual life insurance policy in the event that the insured becomes totally disabled under the terms of the policy form. The Standards apply to this benefit feature whether the feature is added to a policy by rider, endorsement, amendment or incorporation into a policy form.  The Standards include required and optional provisions for the benefit, such as any applicable exclusions, incontestability, misstatement of payor’s age and termination.

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):  These standards have been issued for notice and comment.  Written comments will be accepted on these proposed new standards 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 Rule.

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

Date Adopted by Commission: February 28, 2007

Effective Date of Rule: May 31, 2007

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

Subject Matter of Rule: The Standards for Waiver of Monthly Deductions Benefit provide for monthly deductions made under an individual life insurance policy to be waived in the event the insured becomes totally disabled under the terms of the policy.  The Standards apply to this benefit feature whether the feature is added to a policy by rider, endorsement, amendment or incorporation into a policy form.  The Standard includes required and optional provisions for the benefit, such as any applicable exclusions, incontestability, effect of policy adjustments and termination.

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 uniform standard has been issued for notice and comment.  Written comments will be accepted on this proposed new uniform standard 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: May 31, 2007

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

Subject Matter of Rule: The Standards for Waiver of Premium Benefit for Child Insurance in the Event of Payor’s Total Disability or Death provide for premiums due for an insured child under an individual life insurance policy to be waived in the event of the payor’s total disability or death under the terms of the policy.  The Standards apply to this benefit feature whether the feature is added to a policy by rider, endorsement, amendment or incorporation into a policy form.  The Standards include required and optional provisions for the benefit, such as any applicable exclusions, incontestability, misstatement of payor’s age, reinstatement, and termination.

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: May 31, 2007

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

Subject Matter of Proposed 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 September 4, 2007.

Name of persons requesting Public Hearing :

Date and Location of Public Hearing, if any: November 13, 2007 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: December 1, 2007

Date Adopted by Commission: December 1, 2007

Effective Date of Rule: March 11, 2008

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

Subject Matter of Proposed Rule: The Standards For Additional Term Life Insurance Benefits (the “Proposed Standards”) specify submission requirements, form requirements and policy provisions for additional term life benefits for the primary and any additional insureds in individual life insurance forms; 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 September 4, 2007.

Name of persons requesting Public Hearing :

Date and Location of Public Hearing, if any: November 13, 200 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: December 1, 2007

Date Adopted by Commission: December 1, 2007

Effective Date of Rule: March 11, 2008

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

Subject Matter of Proposed Rule:  The Standards for Forms Used to Provide Tax Qualified Plan Provisions for Individual Life Insurance Policies (the "Proposed Standards) apply to provisions that are required in individual life insurance policies to comply with specified tax code requirements applicable to such policies when they are intended to be issued as tax qualified plans; applying to provisions that are either built into the life insurance policy or added to such policy by rider, endorsement or amendment.

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

Name of persons requesting Public Hearing : Commissioner Glen Wilson

Date and Location of Public Hearing, if any: August 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 August 5, 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Approved by Management Committee: Monday, August 25, 2008

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: December 14, 2008

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

Subject Matter of Proposed Rule:  The Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process (the "Proposed Standards) apply to provisions which exclude individual life insurance policy coverage, when the exclusions are based on information disclosed by the insured in the application or identified for the insured during the underwriting process; applying to provisions built into the life insurance policy or added to such policy by rider, endorsement or amendment and may be added to a change in coverage at the same time that the change in coverage is made to the policy.

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

Name of persons requesting Public Hearing : Commissioner Glen Wilson

Date and Location of Public Hearing, if any: August 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 August 5, 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Approved by Management Committee: Monday, August 25, 2008

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: November 25, 2008

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

Subject Matter of Proposed Rule:  The Standards for Riders, Endorsements or Amendments Used to Effect Individual Life Insurance Policy Changes (the "Proposed Standards) apply to riders, endorsements or amendments that are used to effect policy changes that have been requested for an individual life insurance policy by the owner either on the policy date of issue or after the policy date of issue. These standards do not apply to forms used to provide tax qualified plan provisions and to exclude policy coverage based on the underwriting process, because separate standards apply to these forms.

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

Name of persons requesting Public Hearing : Commissioner Glen Wilson

Date and Location of Public Hearing, if any: August 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 August 5, 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Approved by Management Committee: Monday, August 25, 2008

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: December 14, 2008

Link to Comments submitted by members and the public:

Subject Matter of Proposed Rule: Additional Standards for Index-Linked Crediting Benefit Features for Individual Flexible Premium Adjustable Life Insurance Policies (the "Proposed Standards) apply to index-linked crediting features that are built-in to individual non-variable adjustable life policies.

Citation to Published Notices: Notice of this rule was published on December 12, 2008.

Name of persons requesting Public Hearing : Director Mary Jo Hudson

Date and Location of Public Hearing, if any: Monday, February 23, 2009 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 February 10, 2009. Written requests for a public hearing must be received no later than January 1, 2009.

Date Approved by Management Committee: Monday, February 23, 2009

Date Adopted by Commission: Saturday, March 14, 2009

Effective Date of Rule: June 25, 2009

Link to Comments submitted by members and the public:
Industry Advisory Comments
Standards with IAC Comments Incorporated

Subject Matter of Proposed Rule: Additional Standards for Intermediate Period Endowment Benefit Features for Individual Life Insurance Policies (including Return of Premium) (the "Proposed Standards) apply to individual life insurance policies, other than variable and non-variable adjustable life policies and current assumption whole life policies, that provide for an endowment benefit payable at a known intermediate duration during a longer period of life insurance protection; the premium rate scale during the endowment period must be guaranteed; and the endowment benefit can be built-in or added to such policies at issue by rider, amendment or endorsement.

Citation to Published Notices: Notice of this rule was published on December 12, 2008.

Name of persons requesting Public Hearing : Director Mary Jo Hudson

Date and Location of Public Hearing, if any: Monday, February 23, 2009 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 February 10, 2009. Written requests for a public hearing must be received no later than January 1, 2009.

Date Approved by Management Committee: Monday, February 23, 2009

Date Adopted by Commission: Saturday, March 14, 2009

Additional Standards for Intermediate Period Endowment Benefit Features for Individual Life Insurance Policies (including Return of Premium) adopted on March 14, 2009

Effective Date of Rule: June 25, 2009

Link to Comments submitted by members and the public:
Industry Advisory Comments
Standards with IAC Comments Incorporated

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: October 17, 2010

Date Adopted by Commission: October 17, 2010

Effective Date of Rule: January 15, 2010

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted July 13, 2010

Subject Matter of Rule:The Additional Standards for Change of Insured Benefit (the “Proposed Standards”) specify additional submission requirements allowing the owner to exchange the insured covered by the policy for a new insured in whom the owner has an insurable interest or to exchange the policy for a new policy covering a new insured in whom the owner has an insurable interest; applying to benefits that are built-in to individual whole life insurance policies or individual variable or non-variable adjustable life insurance policies or are added to such policy forms by rider, amendment or endorsement.

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: February 28, 2010 joint teleconference meeting of the Management Committee and Commission

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 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: March 25, 2011

Effective Date of Rule: July 3, 2011

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted October 17, 2010 

Subject Matter of Rule:The Additional Standards for Overloan Protection Benefit (the “Proposed Standards”) specify additional submission requirements for a benefit that prevents the policy from lapsing due to an excessive loan on the policy; applying to benefits that are built into individual variable or non-variable adjustable 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 October 28, 2010. 

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: February 28, 2010 joint teleconference meeting of the Management Committee and Commission

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 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: March 25, 2011

Effective Date of Rule: July 3, 2011

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted October 17, 2010 

Subject Matter of Proposed Rule: The Standards For Individual Deferred Variable Annuity Contract Standards (the “Proposed Standards”) specify submission requirements, form requirements and contract provisions for individual deferred variable annuity contracts; applying to annuity contracts that provides for a single premium, modified single premium, fixed or flexible premium payments over the life of a contract or for a limited payment period, and that provides for funds to be held in separate accounts only or in separate and general accounts.

Citation to Published Notices:  Notice of this Rule was published on December 12, 2007.

Version Noticed Out for 60-day Public Comment

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

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 February 10, 2008. Written requests for a public hearing must be received no later than January 1, 2008.

Date Approved by Management Committee: February 25, 2008 & April 28, 2008.  This Uniform Standard was referred back to the Product Standards Committee by the Commission on March 28 for further discussion and review.  The amended version (located below) was approved by the Management Committee on April 28.

Date Adopted by Commission: May 30, 2008

Effective Date of Rule: Sept. 11, 2008

Link to Comments submitted by members and the public:
Comments from the Industry Advisory Committee
Industry Comments Inserted and Redlined
Amended Version of the Individual Deferred Variable Annuity Contract Standards

This rule has been amended.

Information Regarding the Amendment to the Standards:

Date Amendments Approved by Management Committee: Monday, February 23, 2009

Date Amendments Adopted by Commission: Saturday, March 14, 2009

Effective Date of Amendments to the Rule: June 25, 2009

Name of Proposed Rule: Amendments to Core Standards for Individual Deferred Variable Annuity Contracts

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Individual Deferred Variable Annuity Contract Standards. The amendments are to the Scope section, the Contract Guarantees and the Guidelines for Appendices A-1 and A-2 for Annuity Nonforfeiture Minimum Value Compliance for use with Individual Flexible Premium Deferred Variable Annuity products filed with the Interstate Insurance Product Regulation Commission. The amendments are intended to conform these standards with similar wording proposed in the Additional Standards for Bonus Benefits for Individual Deferred Variable Annuity Standards.

Citation to Published Notices:  Notice of this Rule was published on December 12, 2008.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Monday, February 23, 2009 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 February 10, 2009. Written requests for a public hearing must be received no later than January 1, 2009.

Link to Comments submitted by members and the public:

While this Uniform Standard, the Individual Flexible Premium Deferred Variable Annuity Contract Standards (with Separate and General Accounts), is available for product filing submission, the Core Standards for Individual Deferred Variable Annuity Contracts were drafted to encompass all the requirements for all or several types of variable annuity products. We strongly advise also utilizing the Core Standards for Individual Deferred Variable Contracts when submitting an Individual Flexible Premium Deferred Variable Annuity filing to the IIPRC for review.  

Subject Matter of Proposed Rule:  The Individual Flexible Premium Deferred Variable Annuity Contract Standards (With Separate and General Accounts) (the “Proposed Standards”) specify submission requirements, form requirements and contract provisions for individual deferred variable annuity contract standards that include flexible premium payments over the life of a contract and provide for funds to be held in separate and general accounts. The standards do not apply to an individual deferred variable annuity contract that provides for indexing, bonuses, guaranteed death benefits, guaranteed living benefits or other guarantees for the separate account funds.

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

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 September 23, 2007. Written requests for a public hearing must be received no later than August 14, 2007.

Date Approved by Management Committee: September 27, 2007

Date Adopted by Commission: September 28, 2007

Effective Date of Rule: January 3, 2008

Link to Comments submitted by members and the public:

While this Uniform Standard, the Individual Fixed Premium Deferred Variable Annuity Contract Standards (with Separate and General Accounts), is available for product filing submission, the Core Standards for Individual Deferred Variable Annuity Contracts were drafted to encompass all the requirements for all or several types of variable annuity products. We strongly advise also utilizing the Core Standards for Individual Deferred Variable Contracts when submitting an Individual Flexible Premium Deferred Variable Annuity filing to the IIPRC for review.  

Subject Matter of Proposed Rule:  The Individual Fixed Premium Deferred Variable Annuity Contract Standards (With Separate and General Accounts) (the “Proposed Standards”) specify submission requirements, form requirements and contract provisions for individual deferred variable annuity contract standards that include fixed premium payments as specified and provide for funds to be held in separate and general accounts. The standards do not apply to an individual deferred variable annuity contract that provides for indexing, bonuses, guaranteed death benefits, guaranteed living benefits or other guarantees for the separate account funds.

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

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 September 23, 2007. Written requests for a public hearing must be received no later than August 14, 2007.

Date Approved by Management Committee: September 27, 2007

Date Adopted by Commission:  September 28, 2007

Effective Date of Rule: January 3, 2008

Link to Comments submitted by members and the public:

Subject Matter of Proposed Rule:  The Standards For Individual Immediate Variable Annuity Contract (the “Proposed Standards”) specify submission requirements, form requirements and contract provisions for individual life contingent immediate variable annuity, both with or without a period certain, that provide for a single premium payment, and that provide for funds to be held in separate accounts only or in separate and general accounts.

Citation to Published Notices:  Notice of this Rule was published on February 15, 2008.

Version Noticed Out for 60-day Public Comment

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Vice Chair, Ohio

Date and Location of Public Hearing, if any: April 28, 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 April 15, 2008. Written requests for a public hearing must be received no later than March 6, 2008.

Date Approved by Management Committee: April 28, 2008

Date Adopted by Commission: May 30, 2008

Effective Date of Rule: September 11, 2008

Link to Comments submitted by members and the public:
Industry Advisory comments on Individual Immediate Variable Annuity Contract Standards and Non-Variable Annuity Contract Standards

Subject Matter of Proposed Rule: The Additional Standards for Bonus Benefits for Individual Deferred Variable Annuity Standards (the "Proposed Standards) apply to bonus benefits built into the annuity contract or added to such contract by rider, endorsement or amendment, which can be interest bonus, a premium bonus, a persistency bonus or any other amounts/percentages that are credited to the premiums paid, account value, cash value, cash surrender value or annuity/maturity value under a specified condition, other than benefits of the type described above that are provided through any pattern of non-level interest rate guarantees that may be similar to but are not specifically referred to as bonuses or additional credits.

Citation to Published Notices: Notice of this rule was published on December 12, 2008.

Name of persons requesting Public Hearing : Director Mary Jo Hudson

Date and Location of Public Hearing, if any: Monday, February 23, 2009 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 February 10, 2009. Written requests for a public hearing must be received no later than January 1, 2009.

Date Approved by Management Committee: Monday, February 23, 2009

Date Adopted by Commission: Saturday, March 14, 2009

Effective Date of Rule: June 25, 2009

Link to Comments submitted by members and the public:
Industry Advisory Comments
Standards with IAC Comments Incorporated

Subject Matter of Proposed Rule: The Additional Standards for Guaranteed Living Benefits for Individual Deferred Variable Annuities (the “Proposed Standards”) apply to guaranteed living benefits (GLB) that are built into individual deferred variable annuity contracts or added to such contracts by rider, endorsement or amendment. The GLB feature provides for a minimum guarantee under specified conditions for any of the following: (1) periodic withdrawals; (2) the annuitization amount and related annual income amount; or (3) the account value after a specified period of time. 

Citation to Published Notices: Notice of this rule was published on October 29, 2009.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Friday, December 4, 2009 at 12:30 pm PT at the Hilton San Francisco Union Square, 333 O'Farrell Street, San Francisco, CA 94102 - Meeting Room: Grand Salon A - Grand Ballroom Level

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 December 28, 2009. Written requests for a public hearing must be received no later than November 18, 2009.

Date Approved by Management Committee: February 22, 2010

Date Adopted by Commission: February 22, 2010

Effective Date of Rule: June 3, 2010

Link to Comments submitted by members and the public:
Comments from Birny Birnbaum submitted 10/23/09
Comments from LISA submitted during 10/13/09 Product Standards Committee Conference Call
Comments from LISA submitted during 10/26/09 Management Committee Conference Call
Comments from the ACLI submitted during 10/13/09 Product Standards Committee Conference Call
Comments from LISA submitted 12/02/09
Comments from Brad Harker (PA), Chair of the NAIC NSWG Annuity Subgroup, submitted 12/03/09
Comments from State Representative Robert R. Damron (KY), IIPRC Legislative Committee Chair, submitted 12/04/2009
Summary of Industry Advisory Comments from 12/4 Public Hearing
Comment from Bruce Ramge, Deputy Director, Nebraska Department of Insurance
Comments from Industry Advisory Committee submitted 1/05/2010
Comments from American Academy of Actuaries submitted 01/06/10
Comments from Life Insurance Settlement Association submitted 2/5/2010

Subject Matter of Proposed Rule:  The Additional Standards for Guaranteed Living Benefits for Individual Deferred Variable Annuities (the “Proposed Standards”) apply to guaranteed minimum death benefits (GMDB) that are built into individual deferred variable annuity contracts or added to such contracts by rider, endorsement or amendment. The GMDB feature provides for a minimum guarantee under specified conditions for the contract death benefit.

Citation to Published Notices: Notice of this rule was published on October 29, 2009.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Friday, December 4, 2009 at 12:30 pm PT at the Hilton San Francisco Union Square, 333 O'Farrell Street, San Francisco, CA 94102 - Meeting Room: Grand Salon A - Grand Ballroom Level

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 December 28, 2009. Written requests for a public hearing must be received no later than November 18, 2009.

Date Approved by Management Committee: February 22, 2010

Date Adopted by Commission: February 22, 2010

Effective Date of Rule: June 3, 2010

Link to Comments submitted by members and the public:
Comments from Birny Birnbaum submitted 10/23/09
Comments from LISA submitted during 10/13/09 Product Standards Committee Conference Call
Comments from LISA submitted during 10/26/09 Management Committee Conference Call
Comments from the ACLI submitted during 10/13/09 Product Standards Committee Conference Call
Comments from LISA submitted 12/02/09
Comments from Brad Harker (PA), Chair of the NAIC NSWG Annuity Subgroup, submitted 12/03/09
Comments from State Representative Robert R. Damron (KY), IIPRC Legislative Committee Chair, submitted 12/04/2009
Summary of Industry Advisory Comments from 12/4 Public Hearing
Comment from Bruce Ramge, Deputy Director, Nebraska Department of Insurance
Comments from Industry Advisory Committee submitted 1/05/2010
Comments from American Academy of Actuaries submitted 01/06/10
Comments from Life Insurance Settlement Association submitted 2/5/2010

Subject Matter of Rule: The Additional Standards for Private Placement Plans for Individual Deferred Variable Annuity Contracts (the “Proposed Standards”) specify additional submission requirements for benefits that are built into individual deferred variable annuity contracts, that are issued exclusively to an accredited investor or qualified purchaser, and that vary in relation to the performance of an underlying separate account where the investment funds in the private placement separate account may be exempt from registration with the SEC.

Citation to Published Notices: Notice of this rule was published on January 5, 2011

Name of persons requesting Public Hearing: Commissioner Roger Sevigny, New Hampshire

Date and Location of Public Hearing, if any: March 25, 2011 Joint Meeting of the Management Committee and Commission in Austin, TX

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 March 6, 2011. Written requests for a public hearing must be received no later than January 25, 2011.

Date Approved by Management Committee: March 25, 2011

Date Adopted by Commission: March 25, 2011

Effective Date of Rule: July 3, 2011

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted December 20, 2010

Subject Matter of Proposed Rule: The Standards For Individual Deferred Non-Variable Annuity Contracts (the “Proposed Standards”) specify submission requirements, form requirements and contract provisions for individual deferred non-variable annuity contracts; applying to annuity contracts contract that provide for a single premium, modified single premium, fixed or flexible premium payments over the life of a contract or for a limited payment period, and that provides for all funds to be held in the general account.

Citation to Published Notices:  Notice of this Rule was published on December 12, 2007.

Version Noticed Out for 60-day Public Comment

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

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 February 10, 2008. Written requests for a public hearing must be received no later than January 1, 2008. This rule was recommended by the Product Standards Committee on February 25, 2008 to return to the Product Standards Committee for further discussion regarding the non-forfeiture value prospective test. The Management Committee approved the recommendation. A conference call with the Product Standards Committee has been scheduled for March 14, 2008 (please see Event Calendar) for further discussion.

Date Approved by Management Committee: April 28, 2008

Date Adopted by Commission: May 30, 2008

Individual Deferred Non-Variable Annuity Contract Standards adopted on May 30, 2008

Effective Date of Rule: September 11, 2008

Link to Comments submitted by members and the public:
Comments from the Industry Advisory Committee
Industry Comments Inserted and Redlined
Alaska Comments
Amended Standards to reflect Alaska
Industry Advisory Comments regarding Amended version
Comments from Utah

This rule has been amended.

Date Amendment Approved by Management Committee: October 27, 2008

Date Amendment Adopted by Commission: October 29, 2008

Individual Deferred Non-Variable Annuity Contract Standards adopted October 29, 2008.

Effective Date of Amendment to Rule: February 12, 2009

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Individual Deferred Non-Variable Annuity Contract Standards

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Individual Deferred Non-Variable Annuity Contract Standards. The amendments are to the Scope section, the Contract Guarantees and the Guidelines for Appendices a-1 and A-2 for Annuity Nonforfeiture Minimum Value Compliance for use with Individual Flexible Premium Deferred Non-Variable Annuity products filed with the Interstate Insurance Product Regulation Commission.

Citation to Published Notices:  Notice of this Rule was published on August 27, 2008.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: October 27, 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 October 26, 2008. Written requests for a public hearing must be received no later than September 16, 2008.

Link to Comments submitted by members and the public:

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: October 17, 2011

Date Adopted by Commission: October 17, 2011

Effective Date of Rule: January 15, 2011

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted July 13, 2010

Subject Matter of Proposed Rule: The Standards For Individual Immediate Non-Variable Annuity Contract (the “Proposed Standards”) specify submission requirements, form requirements and contract provisions for individual life contingent immediate non-variable annuity, both with or without a period certain, that provide for a single premium payment, modified single premium or flexible premium payments and that provide for all funds to be held in the general account.

Citation to Published Notices:  Notice of this Rule was published on February 27, 2008.

Version Noticed Out for 60 Day Public Comment

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Vice Chair, Ohio

Date and Location of Public Hearing, if any: April 28, 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 April 27, 2008. Written requests for a public hearing must be received no later than March 18, 2008.

Date Approved by Management Committee: April 28, 2008

Date Adopted by Commission: May 30, 2008

Effective Date of Rule: September 11, 2008

Version Adopted by Commission on May 30, 2008

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

This rule has been amended.

Information Regarding the Amendment to the Standards:

Date Amendments Approved by Management Committee: June 12, 2009

Date Amendments Adopted by Commission: June 12, 2009

Effective Date of Amendments to the Rule: September 27, 2009

Name of Proposed Rule: Amendment To Individual Immediate Non-Variable Annuity Contract Standards

Subject Matter of Proposed Rule:  The purpose of this rule is to amend the Individual Immediate Non-Variable Annuity Contract Standards. The amendments are to address the funding of structured settlements by means of Individual Immediate Non-Variable Annuity products filed with the Interstate Insurance Product Regulation Commission.

Citation to Published Notices: Notice of this rule was published on March 24, 2009.

Name of persons requesting Public Hearing :

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

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 May 24, 2009. Written requests for a public hearing must be received no later than April 14, 2009.

Link to Comments submitted by members and the public:

Subject Matter of Proposed Rule:  The Standards For Index-Linked Crediting Feature for Deferred Non-Variable Annuities (the “Proposed Standards”) specify additional submission requirements concerning the calculation of the nonforfeiture values; applying to benefits that are built-in to deferred non-variable annuity contract forms .

Citation to Published Notices:  Notice of this Rule was published on February 15, 2008.

Version Noticed Out for 60-day Public Comment

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Vice Chair, Ohio

Date and Location of Public Hearing, if any: April 28, 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 April 15, 2008. Written requests for a public hearing must be received no later than March 6, 2008.

Date Approved by Management Committee: April 28, 2008

Date Adopted by Commission: May 30, 2008

Effective Date of Rule: September 11, 2008

Link to Comments submitted by members and the public:
Industry Advisory comments on Index-Linked Crediting Feature for Deferred Non-Variable Annuities
Industry Advisory Committee Redlined Version of the Index-Linked Crediting Feature for Deferred Non-Variable Annuities

Subject Matter of Proposed Rule:  The Index-Linked Payment Adjustment Benefit Standards (the "Proposed Standards) apply to index-linked annuity payment adjustment benefits that are built-in to individual immediate non-variable annuity contracts or are added to such contracts at issue by rider, amendment or endorsement. These standards apply to any adjustments to annuity payments that are triggered by a change in an index one or more times during the life of the contract; applying to adjustments that are either built into the contract or added by rider, endorsement or amendment.

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

Name of persons requesting Public Hearing : Commissioner Glen Wilson

Date and Location of Public Hearing, if any: August 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 August 5, 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Approved by Management Committee: Monday, August 25, 2008

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: December 14, 2008

Link to Comments submitted by members and the public:

Subject Matter of Proposed Rule:   The Additional Standards for Bonus Benefits (for Individual Deferred Non-Variable Annuity Standards) (the “Proposed Standards) apply to bonus benefit which can be interest bonus, a premium bonus, a persistency bonus or any other amounts/percentages that are credited to the premiums paid, account value, cash value, cash surrender value or annuity/maturity value under a specified condition, other than benefits of the type described above that are provided through any pattern of non-level interest rate guarantees that may be similar to but are not specifically referred to as bonuses or additional credits; applying to provisions that are either built into the annuity contract or added to such contract by rider, endorsement or amendment.

Citation to Published Notices: Notice of this Rule was published on August 27, 2008.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: October 27, 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 October 26, 2008. Written requests for a public hearing must be received no later than September 16, 2008.

Date Approved by Management Committee: October 27, 2008

Date Adopted by Commission: October 29, 2008

Effective Date of Rule: February 12, 2009

Link to Comments submitted by members and the public:

Subject Matter of Proposed Rule:  The Additional Standards for Guaranteed Living Benefits for Individual Deferred Non-Variable Annuities (the “Proposed Standards”) apply to guaranteed living benefits (GLB) that are built into individual deferred non-variable annuity contracts (including index-linked annuities) or added to such contracts by rider, endorsement or amendment. The GLB feature provides for a minimum guarantee under specified conditions for any of the following: (1) periodic withdrawals; (2) the annuitization amount and related annual income amount; or (3) the account value after a specified period of time.

Citation to Published Notices: Notice of this rule was published on October 29, 2009.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Friday, December 4, 2009 at 12:30 pm PT at the Hilton San Francisco Union Square, 333 O'Farrell Street, San Francisco, CA 94102 - Meeting Room: Grand Salon A - Grand Ballroom Level

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 December 28, 2009. Written requests for a public hearing must be received no later than November 18, 2009.

Date Approved by Management Committee: February 22, 2010

Date Adopted by Commission: February 22, 2010

Effective Date of Rule: June 3, 2010

Link to Comments submitted by members and the public:
Comments from Birny Birnbaum submitted 10/23/09
Comments from LISA submitted during 10/13/09 Product Standards Committee Conference Call
Comments from LISA submitted during 10/26/09 Management Committee Conference Call
Comments from the ACLI submitted during 10/13/09 Product Standards Committee Conference Call
Comments from LISA submitted 12/02/09
Comments from Brad Harker (PA), Chair of the NAIC NSWG Annuity Subgroup, submitted 12/03/09
Comments from State Representative Robert R. Damron (KY), IIPRC Legislative Committee Chair, submitted 12/04/2009
Summary of Industry Advisory Comments from 12/4 Public Hearing
Comment from Bruce Ramge, Deputy Director, Nebraska Department of Insurance
Comments from Industry Advisory Committee submitted 01/05/2010
Comments from American Academy of Actuaries submitted 01/06/10
Comments from Life Insurance Settlement Association submitted 2/5/2010

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: October 17, 2010

Date Adopted by Commission: October 17, 2010

Effective Date of Rule: January 15, 2011

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted July 13, 2010

Subject Matter of Proposed Rule:  The Standards for Forms Used to Provide Tax Qualified Plan Provisions for Individual Annuity Contracts (the "Proposed Standards) apply to provisions that are required in individual annuity contracts to comply with specified tax code requirements applicable to such contracts when they are intended to be issued as tax qualified plans; applying to provisions that are either built into the annuity contract or added to such contract by rider, endorsement or amendment.

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

Name of persons requesting Public Hearing : Commissioner Glen Wilson

Date and Location of Public Hearing, if any: August 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 August 5, 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Approved by Management Committee: Monday, August 25, 2008

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: November 25, 2008

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

Subject Matter of Proposed Rule:  The Additional Standards for Waiver of Surrender Charge Benefits (the "Proposed Standards") apply to waiver of surrender charge benefits built into individual deferred variable and non-variable annuity contracts or added to such contracts by rider, endorsement or amendment. The waiver benefits are triggered by a qualifying event associated with either the annuitant or owner, as specified in the contract or waiver benefit form.

Citation to Published Notices:  Notice of this Rule was published on June 6, 2007.

Name of persons requesting Public Hearing : Commissioner Glen Wilson

Date and Location of Public Hearing, if any: August 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 August 5, 2008 . Written requests for a public hearing must be received no later than June 26, 2008 .

Date Approved by Management Committee: Monday, August 25, 2008

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: December 14, 2008

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

Subject Matter of Proposed Rule:  The Standards for Riders, Endorsements or Amendments Used to Effect Individual Annuity Contract Changes (the "Proposed Standards") apply to riders, endorsements or amendments that are used to effect contract changes that have been requested for an individual annuity contract by the owner and not to forms used to provide tax qualified plan provisions, as separate standards apply to these forms. Contract change forms may be attached to the individual annuity contract on the contract date of issue or after the contract date of issue.

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

Name of persons requesting Public Hearing : Commissioner Glen Wilson

Date and Location of Public Hearing, if any: August 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 August 5, 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Approved by Management Committee: Monday, August 25, 2008

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: December 14, 2008

Link to Comments submitted by members and the public:

Subject Matter of Proposed Rule: The Additional Standards for Market Value Adjustment Feature Provided through a Separate Account (the “Proposed Standards) apply to market value adjustment (MVA) features that are built into individual  deferred non-variable annuity contracts and the non-variable portions of individual deferred variable annuities (including index-linked annuities) or added to such contracts by rider, endorsement or amendment; and are also known as Modified Guaranteed Annuity (MGA). The MVA feature of an MGA is a positive or negative adjustment that may apply to the account value/cash value of the annuity upon withdrawal, surrender, or annuitization, based upon the movement of an index or the company’s current guaranteed interest rate being offered on new premium (or new rates for renewal periods for CD annuities), if that withdrawal, surrender, or annuitization occurs at a time other than on a specified guaranteed benefit date.

Citation to Published Notices: Notice of this rule was published on February 26, 2009

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: via teleconference, April 27, 2009

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 April 27, 2009. Written requests for a public hearing must be received no later than March 18, 2009.

Date Approved by Management Committee: April 27, 2009

Date Adopted by Commission: April 30, 2009

Effective Date of Rule: August 17, 2009

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

NOTE: The Illinois Department of Insurance has been granted a temporary 90-day stay of this IIPRC Uniform Standard effective as of December 19, 2011. At this time, Illinois may not be included in IIPRC product filings submissions that include this Uniform Standard.

Subject Matter of Proposed Rule: The Additional Standards for Market Value Adjustment Feature Provided Solely through the General Account (the “Proposed Standards) apply to market value adjustment (MVA) features that are built into individual deferred non-variable annuities (including index-linked annuities) or added to such contract by rider, endorsement or amendment.  The MVA is a positive or negative adjustment that may apply to the account value/cash value of the annuity upon withdrawal, surrender, or annuitization, based upon the movement of an index or the company’s current guaranteed interest rate being offered on new premium (or new rates for renewal periods for CD annuities), if that withdrawal, surrender, or annuitization occurs at a time other than on a specified guaranteed benefit date.

Citation to Published Notices: Notice of this rule was published on February 26, 2009

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: via teleconference, April 27, 2009

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 April 27, 2009. Written requests for a public hearing must be received no later than March 18, 2009.

Date Approved by Management Committee: April 27, 2009

Date Adopted by Commission: April 30, 2009

Effective Date of Rule: August 17, 2009

Original Version: Additional Standards for Market Value Adjustment Feature Provided Through the General Account

This rule has been amended.

Date Amendment Approved by Management Committee: March 25, 2010

Date Amendment Adopted by Commission: March 25, 2010

Effective Date of Amendment to Rule: June 18, 2010

Information Regarding the Amendment to the Standards:

Name of Proposed Rule:  Amendment to Remove Drafting Note in Additional Standards for Market Value Adjustment Feature Provided through the General Account

Subject Matter of Proposed Rule: The Amendment to Remove Drafting Note in Additional Standards for Market Value Adjustment Feature Provided through the General Account (“Proposed Amendment”) applies to remove the drafting note in Appendix B of the existing standards, in order to clarify that the prospective test in the Standard Nonforfeiture Law for Individual Deferred Annuities, NAIC Model #805, does not apply to the benefits provided through these standards.

Citation to Published Notices:   Notice of this rule was published on January 22, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 1:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room to be determined.

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 March 23, 2010. Written requests for a public hearing must be received no later than February 11, 2010.

NOTE: The Illinois Department of Insurance has been granted a temporary 90-day stay of this IIPRC Uniform Standard effective as of August 28, 2011. At this time, Illinois may not be included in IIPRC product filings submissions that include this Uniform Standard.

Subject Matter of Proposed Rule: The Standards For Mortality Table Change (the “Proposed Standards”) specify submission requirements, form requirements and policy provisions for the filing of replacement pages for individual life insurance forms whose sole purpose is to effectuate a change of a mortality table approved by the NAIC for nonforfeiture purposes. If there are any other changes in addition to the mortality table, the entire form must be submitted for approval.

Citation to Published Notices:  Notice of this Rule was published on December 12, 2007.

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

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 February 10, 2008. Written requests for a public hearing must be received no later than January 1, 2008.

Date Approved by Management Committee: February 25, 2008

Date Adopted by Commission: March 28, 2008

Effective Date of Rule: July 7, 2008

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

Memo from Product Standards Committee Regarding Industry Advisory Committee Comments

Additional Industry Advisory Comments

Name of Proposed Rule: Core Standards for Individual Long-Term Care Insurance Policies

Subject Matter of Proposed Rule:  The Core Standards for Individual Long-Term Care Insurance Policies (the “Proposed Standards”) apply to individual long-term care insurance.  Any product advertised, marketed or offered as long-term care insurance shall be subject to these standards. Long-term care insurance shall provide benefits for one or more of the following: nursing home care, assisted living care or home health care and adult day care. Only those policies, riders, endorsements or amendments that provide all such benefits may be titled “long-term care insurance” without further clarification. Policies, riders, endorsements or amendments that provide less than all such benefits shall be titled appropriately to indicate to the owner the types of coverages available under the policy, and may be filed and approved under these standards.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Date Approved by Management Committee:

Date Adopted by Commission:

Effective Date of Rule:

Link to Previous Versions of Core Standards for Individual Long-Term Care Insurance Policies:

• Recommended by Product Standards Committee on 1/11/10
• Recommended by Product Standards Committee on 7/06/10
• Recommended by Product Standards Committee on 7/13/10
• Recommended by Product Standards Committee on 8/03/10
• Recommended by Product Standards Committee on 8/10/10

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted 1/11/10
• Key Policy Issues Memo from Product Standards Committee submitted 5/7/10
• Actuarial Working Group Memo submitted 7/27/10
• Survey Results on Partnership and Rate Stability
• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kansas Department of Insurance submitted 5/13/10
• Comments from Massachusetts Division of Insurance submitted 3/9/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from Wisconsin Department of Insurance submitted 6/25/10
• Comments from California Health Advocates submitted 1/20/2010
• Comments from Industry Advisory Committee submitted 2/10/2010
• Comments from Industry Advisory Committee submitted 3/9/2010
• Comments from Industry Advisory Committee submitted 5/18/10
• Comments from Industry Advisory Committee submitted 7/19/10
• IAC Response to South Carolina Re: Optional Benefit For Home Health Care/Community Care Benefits

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

Name of Proposed Rule: Individual Long-Term Care Insurance Standards for the Outline of Coverage

Subject Matter of Proposed Rule:  The Individual Long-Term Care Insurance Standards for the Outline of Coverage (the "Proposed Standards") apply to the long-term care insurance outline of coverage required by Section 1A(1)(b) of the Core Standards for Individual Long-Term Care Insurance Policies.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Individual Long-Term Care Insurance Standards for the Outline of Coverage:

• Recommended by Product Standards Committee on 12/29/09
• Recommended by Product Standards Committee on 1/11/10
• Recommended by Product Standards Committee on 7/13/10

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted 1/11/10
• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010
• Comments from Industry Advisory Committee submitted 2/10/2010
• Comments from Industry Advisory Committee submitted 3/9/2010
• Comments from Industry Advisory Committee submitted 7/19/10

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

Name of Proposed Rule: Rate Filing Standards for Individual Long-Term Care Insurance—Issue Age Rate Schedules Only

Subject Matter of Proposed Rule:  The Rate Filing Standards for Individual-Long Term Care Insurance—Issue Age Rate Schedules Only (the “Proposed Standards”) apply to initial rate schedules for individual long-term care insurance where premiums are based on issue age and are not expected to change during the premium-paying period due to attained age or duration since issue.  The Proposed Standards also apply to subsequent filings to increase premium rate schedules for individual long-term care insurance with issue age rate schedules.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Rate Filing Standards for Individual Long-Term Care Insurance—Issue Age Rate Schedules Only:

• Recommended by Product Standards Committee on 12/29/09
• Recommended by Product Standards Committee on 1/11/10
• Recommended by Product Standards Committee on 7/27/10
• Recommended by Product Standards Committee on 8/10/10

Memos from Product Standards Committee before Recommendation:

• Key Policy Issues Memo from Product Standards Committee submitted 5/7/10
• Actuarial Working Group Memo submitted 7/27/10
• Survey Results on Partnership and Rate Stability
• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted 1/11/2010
• LTC Rate Review Survey Results
• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from Maryland Insurance Administration submitted 2/2/2010
• Comments from Oklahoma Insurance Department submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010
• Comments from Industry Advisory Committee submitted 3/9/2010
• Comments from Maine Bureau of Insurance submitted 4/28/2010
• Comments from Industry Advisory Committee submitted 5/18/10

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

This rule has been amended.

Date Amendments Adopted by Management Committee: April 25, 2011

Date Amendments Adopted by Commission: April 25, 2011

Effective Date of Amendments to the Rule: Aug 11, 2011

Name of Proposed Rule: Amendments to Rate Filing Standards for Individual Long-Term Care Insurance (Issue Age Rate Schedules Only)

Subject Matter of Proposed Rule: The Amendments to Rate Filing Standards for Individual Long-Term Care Insurance (Issue Age Rate Schedules Only) (the “Proposed Standards”) amendments specify additional reporting requirements for the required annual reporting with regard to forms that are no longer marketed or when a company reports that approved premium rate schedules may no longer be sufficient; as well as descriptions of combination long-term care insurance, life insurance and annuity products to which the rate filing standards do not apply.

Citation to Published Notices: Notice of this rule was published on February 3, 2011

Name of persons requesting Public Hearing: Commissioner Roger Sevigny, New Hampshire

Date and Location of Public Hearing, if any: March 25, 2011 Joint Meeting of the Management Committee and Commission in Austin, TX

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 April 4, 2011. Written requests for a public hearing must be received no later than February 23, 2011.

Date Adopted by Commission:

Effective Date of Rule:

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted January 24, 2011

Name of Proposed Rule: Rate Filing Standards for Individual Long-Term Care Insurance—Modified Rate Schedules

Subject Matter of Proposed Rule:  The Rate Filing Standards for Individual Long-Term Care Insurance—Modified Rate Schedules (the “Proposed Standards”) apply to initial rate schedules where premiums are based on issue age and where premiums are scheduled to increase during the premium-paying period according to a specified pattern due to attained age or duration since issue.  The Proposed Standards also establish standards for subsequent filings to increase premium rate schedules for individual long-term care insurance with modified rate schedules.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Rate Filing Standards for Individual Long-Term Care Insurance—Modified Rate Schedules:

• Recommended by Product Standards Committee on 12/29/09
• Recommended by Product Standards Committee on 1/11/10
• Recommended by Product Standards Committee on 7/27/10
• Recommended by Product Standards Committee on 8/10/10

Memos from Product Standards Committee before Recommendation:

• Transmittal Memo from Product Standards Committee submitted 5/7/10
• Actuarial Working Group Memo submitted 7/27/10
• Survey Results on Partnership and Rate Stability
• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted 1/11/2010
• LTC Rate Review Survey Results
• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from Maryland Insurance Administration submitted 2/2/2010
• Comments from Oklahoma Insurance Department submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010
• Comments from Industry Advisory Committee submitted 2/10/2010
• Comments from Industry Advisory Committee submitted 3/9/2010
• Comments from Maine Bureau of Insurance submitted 4/28/2010
• Comments from Industry Advisory Committee submitted 5/18/10

States who have opted-out of the Uniform Standards:

• Hawaii
• Indiana

The following states are not permitting Modified Rate Schedule filings:

Colorado, Illinois, Maryland, Oklahoma and Washington

This rule has been amended.

Date Amendments Adopted by Management Committee: April 25, 2011

Date Amendments Adopted by Commission: April 25, 2011

Effective Date of Amendments to the Rule: August 11, 2011

Name of Proposed Rule: Amendments to Rate Filing Standards for Individual Long-Term Care Insurance (Modified Rate Schedules)

Subject Matter of Proposed Rule: The Amendments to Rate Filing Standards for Individual Long-Term Care Insurance (Modified Rate Schedules) (the “Proposed Standards”) amendments specify additional reporting requirements for the required annual reporting with regard to forms that are no longer marketed or when a company reports that approved premium rate schedules may no longer be sufficient; as well as descriptions of combination long-term care insurance, life insurance and annuity products to which the rate filing standards do not apply.

Citation to Published Notices: Notice of this rule was published on February 3, 2011

Name of persons requesting Public Hearing: Commissioner Roger Sevigny, New Hampshire

Date and Location of Public Hearing, if any: March 25, 2011 Joint Meeting of the Management Committee and Commission in Austin, TX

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 April 4, 2011. Written requests for a public hearing must be received no later than February 23, 2011.

Date Adopted by Commission:

Effective Date of Rule:

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted January 24, 2011

Name of Proposed Rule: Standards for Individual Long-Term Care Insurance Advertising Material

Subject Matter of Proposed Rule:  The Standards for Individual Long-Term Care Insurance Advertising Material (the “Proposed Standards”) apply to all individual long-term care insurance advertisements and advertising material for use with individual long-term care insurance forms filed with and approved by the Interstate Insurance Product Regulation Commission.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Standards for Individual Long-Term Care Insurance Advertising Material:

• Recommended by Product Standards Committee on 12/29/09
• Recommended by Product Standards Committee on 1/11/10

Memos from Product Standards Committee before Recommendation:

• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted 1/11/2010
• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010
• Comments from Industry Advisory Committee submitted 2/10/2010
• Comments from Industry Advisory Committee submitted 3/9/2010

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

Name of Proposed Rule: Standards for Long-Term Care Insurance Benefit Features

Subject Matter of Proposed Rule:  The Standards for Long-Term Care Insurance Benefit Features (the “Proposed Standards”) apply to forms that include long-term care insurance benefit features as part of individual long-term care insurance plan. As used in these standards, the term “form” shall mean: (1) Long-term care insurance benefit features that are built into an individual long-term care, life or disability insurance policy, or an individual annuity contract; or (2) Long-term care insurance benefit features that are added by rider, endorsement or amendment to an individual long-term care, life or disability insurance policy, or an individual annuity contract. Regardless of how issued, the long-term care insurance benefit features that are included as part of the individual long-term care insurance plan shall be subject to the requirements specified in these standards. For non-long-term care insurance policies that include long-term care insurance benefit features, these standards shall only apply to the long-term care benefit features.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Standards for Long-Term Benefit Features:

• Recommended by Product Standards Committee on 12/29/09

Memos from Product Standards Committee before Recommendation:

• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted 1/11/2010
• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

Name of Proposed Rule: Standards for Riders, Endorsements or Amendments Used to Effect Individual Long-Term Care Insurance Policy Changes

Subject Matter of Proposed Rule:The Standards for Riders, Endorsements or Amendments Used to Effect Individual Long-Term Care Insurance Policy Changes (the "Proposed Standards") apply to riders, endorsements or amendments that are used to effect policy changes that have been requested for an individual long-term care insurance policy by the owner. Such policy change forms may be attached to the individual long-term care insurance policy on the policy date of issue or after the policy date of issue.

Citation to Published Notices: Notice of this rule was published on January 21, 2010.

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Ohio

Date and Location of Public Hearing, if any: Thursday, March 25, 2010 at 3:00 p.m. MT at the Hyatt Regency and Colorado Convention Center, Denver Colorado, Meeting Room: Centennial D - 3rd Level.

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 March 22, 2010. Written requests for a public hearing must be received no later than February 10, 2010.

Date Approved by Management Committee: August 13, 2010

Date Adopted by Commission: August 13, 2010

Effective Date of Rule: December 1, 2010

Link to Previous Versions of Standards for Riders, Endorsements or Amendments Used to Effect Individual Long-Term Care Insurance Policy Changes:

• Recommended by Product Standards Committee on 12/29/09

Memos from Product Standards Committee before Recommendation:

• Transmittal Memo from Product Standards Committee submitted 8/10/10
• Summary of Changes to the Long-Term Care Uniform Standards from the Product Standards Committee submitted 8/13/10

Link to Comments submitted by members and the public:

• Transmittal Memo from Product Standards Committee submitted 1/11/2010
• Comments from Hawaii Insurance Division submitted 3/18/2010
• Comments from Kentucky Department of Insurance submitted 3/19/2010
• Comments from South Carolina Department of Insurance submitted 1/28/10
• Comments from California Health Advocates submitted 1/20/2010

States who have opted out of the Uniform Standards:

• Hawaii
• Indiana

Name of Proposed Rule: Standards for Individual Disability Income Insurance Policies

Subject Matter of Proposed Rule: The Standards for Individual Disability Income Insurance Policies shall apply to individual disability income insurance policies that are individually underwritten, including such plans that are marketed through employer and association sponsored groups (“multi-life” plans). The benefits provided may be short term, long term or combined short term and long term. As used in these standards, “disability income” means an individual insurance policy that provides a periodic income if the insured becomes Disabled, including such plans that are marketedthrough employer and association sponsored groups (“multi-life” plans). Separate additional standards will apply for buy-sell plans, key-person plans, and business overhead expense plans. Consult the Interstate Insurance Product Regulation Commission website to determine when these additional standards are available for filing.

Citation to Published Notices: Notice of this rule was published on April 29, 2011.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, September 26, 2011 via conference call.

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 June 28, 2011. Written requests for a public hearing must be received no later than May 19, 2011.

Date Approved by Management Committee: September 26, 2011

Date Adopted by Commission: September 26, 2011

Effective Date of Rule: January 11, 2012

Original Version: Standards for Individual Disability Income Insurance Policies

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted April 25, 2011
• Summary of the Product Standards Committee Response to Comments Regarding the Proposed Individual Disability Income Uniform Standards submitted September 20, 2011

Link to Comments submitted by members and the public:

• Comments from Illinois Department of Insurance Submitted on July 11, 2011
• Comments from the Oklahoma Insurance Department Submitted on June 24, 2011
• Comments from the Massachusetts Division of Insurance Submitted on August 23, 2011
• Comments from the Industry Advisory Committee submitted May 31, 2011
• Comments from the Industry Advisory Committee Submitted August 15, 2011 Regarding Illinois Department of Insurance Comments Received on July 11, 2011
• Comments from the Industry Advisory Committee Submitted August 15, 2011 Regarding Oklahoma Insurance Department Comments Submitted June 24, 2011
• Comments from the Industry Advisory Committee Submitted on August 15, 2011 Regarding Disability Income Policy Standards Dated April 25, 2011

Name of Proposed Rule: Standards for Individual Disability Income Insurance Outline of Coverage

Subject Matter of Proposed Rule: The Standards for Individual Disability Income Insurance Outline of Coverage are intended to apply to the outline of coverage required by Section 8.I. of the NAIC Model Regulation to Implement the Accident and Sickness Insurance Minimum Standards Model Act (#171), entitled Disability Income Protection Coverage (Outline of Coverage) for disability income plans, buy-sell plans, key person plans and business overhead expense plans that are individually underwritten, including such plans that are marketed through employer and association sponsored groups (“multi-life” plans), as applicable. This section of the Regulation implements, interprets and makes specific the provisions of the NAIC Accident and Sickness Insurance Minimum Standards Model Act (#170) in prescribing a standard format and content for an outline of coverage.

Citation to Published Notices: Notice of this rule was published on April 29, 2011.

Name of persons requesting Public Hearing: Monday, September 26, 2011 via conference call.

Date and Location of Public Hearing, if any: 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 June 28, 2011. Written requests for a public hearing must be received no later than May 19, 2011.

Date Approved by Management Committee:  September 26, 2011

Date Adopted by Commission: September 26, 2011

Effective Date of Rule: January 11, 2012

Original Version: Standards for Individual Disability Income Insurance Outline of Coverage

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted April 25, 2011
• Summary of the Product Standards Committee Response to Comments Regarding the Proposed Individual Disability Income Uniform Standards submitted September 20, 2011

Link to Comments submitted by members and the public:

• Comments from the Industry Advisory Committee submitted May 31, 2011

Name of Proposed Rule: Standards for Initial Rate Filings for Individual Disablity Income Insurance Policies

Subject Matter of Proposed Rule: The Standards for Initial Rate Filings for Individual Disability Income Insurance Policies shall apply to insurance policies, riders, endorsements and amendments for disability income plans, buy-sell plans, key person plans and business overhead expense plans that are individually underwritten, including such policies that are marketed through employer and association sponsored groups (“multi-life” plans). The benefits provided may be short term, long term or combined short term and long term. These standards shall also apply to policy forms for which rates are being revised only for new business to be issued on or after the effective date of the rate filing. The filings shall specify what the term “new business” includes, such as new policies to be issued on or after the effective date of the rate filing, additional benefits added to policies that were issued before the effective date of the rate filing, etc. As used in these standards “disability income” means disability income plans, buy-sell plans, key person plans and business overhead expense plans, including multi-life plans, as applicable.

Citation to Published Notices: Notice of this rule was published on April 29, 2011

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, September 26, 2011 via conference call.

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 June 28, 2011. Written requests for a public hearing must be received no later than May 19, 2011.

Date Approved by Management Committee:  September 26, 2011

Date Adopted by Commission: September 26, 2011

Effective Date of Rule: January 11, 2012

Original Version: Standards for Initial Rate Filings for Individual Disability Income Insurance Policies

Memos from Product Standards Committee before recommendation:

• Transmittal Memo from Product Standards Committee submitted April 25, 2011
• Summary of the Product Standards Committee Response to Comments Regarding the Proposed Individual Disability Income Uniform Standards submitted September 20, 2011

Link to Comments submitted by members and the public:

• Comments from the Industry Advisory Committee submitted May 31, 2011

Name of Proposed Rule: Standards for Filing Revisions to Rate Filing Schedules in Individual Disability Income Insurance Policies

Subject Matter of Proposed Rule: The Standards for Filing Revisions to Rate Filing Schedules in Individual Disability Income Insurance Policies shall apply to insurance policies, riders, endorsements and amendments for disability income plans, buy-sell plans, key person plans and business overhead expense plans that are individually underwritten, including such policies that are marketed through employer and association sponsored groups (“multi-life” plans). The benefits provided may be short term, long term or combined short term and long term. These stan