RECORD

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

Name of persons requesting Public Hearing :

Date and Location of Public Hearing, if any:

Status of Rule (including upcoming meetings):   This operating procedure has been issued for notice and comment.  Written comments will be accepted on this new operating procedure until September 1, 2006.  A public hearing to receive comments is scheduled for September 12, 2007. This rule was considered at a Commission meeting via conference call scheduled for September 27, 2006.

Date Approved by Management Committee: September 5, 2006

Date Adopted by Commission: September 27, 2006

Effective Date of Rule: November 11, 2006

Link to Comments submitted by members and the public:

This rule has been amended.

Date Amendment Approved by Management Committee: June 23, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: October 11, 2008

Information Regarding the Amendment:

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

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

Citation to Published Notices:  Notice of this Rule was published on April 8, 2008. 

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

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

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

Date Amendment Adopted by Commission: September 21, 2008

Effective Date of Amendment to Rule: November 14, 2008

Information Regarding the Amendment:

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

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

Status of Proposed Rule (including upcoming meetings): This operating procedure has been issued for notice and comment. Written comments will be accepted on this proposed new operating procedure until August 28 , 2008. Written requests for a public hearing must be received no later than June 26, 2008.

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

Link to Comments submitted by members and the public:
Proposed Additional Amendment by Vermont
Memo Regarding Proposed Additional Amendment by Vermont
Comments from the Industry Advisory Committee regarding the Public Access Amendments
Comments received from Nationwide regarding Public Access Rule
Comments from the Center for Economic Justice

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

Status of Rule (including upcoming meetings):  This operating procedure has been issued for notice and comment.  Written comments will be accepted on this proposed new operating procedure until January 23, 2007.  Written requests for a public hearing must be received no later than December 12, 2006.A public hearing to receive comments is scheduled for February 23, 2007. This proposed rule may be considered at a Management Committee meeting via conference call scheduled for February 26, 2007 and a Commission meeting via conference call scheduled for February 28, 2007. No further action is necessary on this Proposed Rule.

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

Date Adopted by Commission: February 28, 2007

Effective Date of Rule: April 16, 2007

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

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

Status of Rule (including upcoming meetings):  This operating procedure has been issued for notice and comment.  Written comments will be accepted on this proposed new operating procedure until February 20, 2007.  Written requests for a public hearing must be received no later than January 11, 2007.A public hearing to receive comments is scheduled for February 23, 2007. This proposed rule may be considered at a Management Committee meeting via conference call scheduled for February 26, 2007 and a Commission meeting via conference call scheduled for February 28, 2007. No further action is necessary on this Rule.

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

Date Adopted by Commission: February 28, 2007

Effective Date of Rule: April 16, 2007

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

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

Status of Rule (including upcoming meetings):  This operating procedure has been issued for notice and comment.  Written comments will be accepted on this proposed new operating procedure until February 20, 2007.  Written requests for a public hearing must be received no later than January 11, 2007.A public hearing to receive comments is scheduled for February 23, 2007. This proposed rule may be considered at a Management Committee meeting via conference call scheduled for February 26, 2007 and a Commission meeting via conference call scheduled for February 28, 2007. No further action is necessary on this Proposed Rule.

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

Date Adopted by Commission: February 28, 2007

Effective Date of Rule: April 16, 2007

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

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

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

Date Approved by Management Committee: April 23, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: June 1, 2007

Link to Comments submitted by members and the public:
Vermont's Comments
Industry Advisory Committee's Comments 
Ohio and Vermont's Comments mix and match
LISA - Life Insurance Settlement Association Comments
Ohio and Vermont's revision of "Mix and Match"
Memo re: Ohio, Pennsylvania, Vermont, Washington Proposed Amendments
Product Filing Rule Changes (Ohio, Pennsylvania, Vermont and Washington)

Information regarding the development of Appendix A:

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

Date Approved by Management Committee: December 1, 2007

Date Adopted by Commission: December 1, 2007

Effective Date of Appendix: December 1, 2007

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

This rule has been amended.

Date Amendment Approved by Management Committee: June 23, 2008

Date Amendment Adopted by Commission: August 27, 2008

Effective Date of Amendment to Rule: October 11, 2008

Information Regarding the Amendment:

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

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

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

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

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

Date Amendment Adopted by Commission: July 27, 2009

Effective Date of Amendment to Rule: July 27, 2009

Information Regarding the Amendment

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

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

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

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

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

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

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

Status of Rule (including upcoming meetings):   This operating procedure has been issued for notice and comment. Written comments will be accepted on this proposed new operating procedure until May 14, 2007. Written requests for a public hearing must be received no later than April 4, 2007.

Date Approved by Management Committee: June 1, 2007

Date Adopted by Commission: June 1, 2007

Effective Date of Rule: July 16, 2007

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

Status of Rule (including upcoming meetings): This operating procedure has been issued for notice and comment. Written comments will be accepted on this proposed new operating procedure until July 31, 2007. Written requests for a public hearing must be received no later than June 21, 2007.

Date Approved by Management Committee: August 27, 2007

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

Effective Date of Rule: September 10, 2007

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

This rule has been amended.

Date Amendment Approved by Management Committee: April 27,2009

Date Amendment Adopted by Commission: April 30, 2009

Effective Date of Amendment to Rule: April 30, 2009

Information Regarding the Amendment:

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

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

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

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

Name of persons requesting Public Hearing :

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

Status of Rule (including upcoming meetings):   This operating procedure has been issued for notice and comment. Written comments will be accepted on this proposed new operating procedure until September 23, 2007. Written requests for a public hearing must be received no later than August 14, 2007. A public hearing to receive comments is scheduled for September 27, 2007. This proposed rule may be considered at a Management Committee meeting scheduled for September 27, 2007 and a Commission meeting scheduled for September 28, 2007. No further action is necessary on this Rule.

Date Approved by Management Committee: September 27, 2007

Date Adopted by Commission: September 28, 2007

Effective Date of Rule: November 12, 2007

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

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

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

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

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

Status of Proposed Rule (including upcoming meetings): This operating procedure has been issued for notice and comment. Written comments will be accepted on this proposed new operating procedure until December 5, 2007. Written requests for a public hearing must be received no later than October 25, 2007.

Date Approved by Management Committee: February 25, 2008

Date Adopted by Commission: March 28, 2008

Effective Date of Rule: May 12, 2008

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

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

Citation to Published Notices:  Notice of this Rule was published on September 4, 2007.

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

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

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until November 3, 2007. Written requests for a public hearing must be received no later than September 24, 2007.

Date Approved by Management Committee: February 25, 2008

Date Adopted by Commission: March 28, 2008

Effective Date of Rule: May 12, 2008

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

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

Status of Proposed Rule (including upcoming meetings): This operating procedure has been issued for notice and comment. Written comments will be accepted on this proposed new operating procedure until August 5 , 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: October 11, 2008

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

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

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

Name of persons requesting Public Hearing : Industry Advisory Committee

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

Status of Proposed Rule (including upcoming meetings): This operating procedure has been issued for notice and comment. Written comments will be accepted on this proposed new operating procedure until August 5 , 2008. Written requests for a public hearing must be received no later than June 26, 2008.

Date Adopted by Commission: August 27, 2008

Effective Date of Rule: October 11, 2008

Link to Comments submitted by members and the public: