Record Adopted Standards

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

Index of Available Uniform Standards

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

UNIFORM STANDARDS - INDIVIDUAL
INDIVIDUAL APPLICATION
Citation Number Name of Standard/Procedure Effective Date
IIPRC-L-I-APP
Standard Checklist
Individual Life Insurance Application Standards Dec. 4, 2014
Standard History

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.

Amendments to Uniform Standards
Amendments Adopted October 2008

Redline Version of Adopted Standard: Amendment to the Individual Life Application Standards

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:

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

Toggle 5-Year Review Amendments Adopted August 2014

Redline Version of Adopted Standard: Amendments to Individual Life Insurance Application Standards

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Individual Life Insurance Application Standards in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-I-APP-1
Standard Checklist
Individual Life Application Change Form Standards Dec. 4, 2014
Standard History

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.

Amendments to Uniform Standards
Amendments Adopted October 2008

Redline Version of Adopted Standard: Amendment to the Standards for Individual Life Application Change Form

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:

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

Toggle 5-Year Review Amendments Adopted August 2014

Redline Version of Adopted Standard: Amendments to Individual Life Application Change Form Standards

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Individual Life Application Change Form Standards in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-A-I-APP
Standard Checklist
Individual Annuity Application Standards Mar. 5, 2015
Standard History

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.

Amendments to Uniform Standards
Amendments Adopted October 2008

Redline Version of Adopted Standard: Conforming Amendments to Individual Annuity Application Standards

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:

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

Toggle 5-Year Review Amendments Adopted November 2014

Redline Version of Adopted Standard: Amendments to Individual Annuity Application Standards

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Individual Annuity Application Standards in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee 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 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-A-I-APP-2
Standard Checklist
Standards for Individual Annuity Application Change Form Mar. 5, 2015
Standard History

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

This rule has been amended.

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted November 2014

Redline Version of Adopted Standard: Amendments to Standards for Individual Annuity Application Change Form

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Individual Annuity Application Change Form in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee 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 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-LTC-I-3-APP
Standard Checklist
Individual Long-Term Care Insurance Application Standards
Arizona, Hawaii, Indiana, Montana, and New Jersey have opted out of these Uniform Standards.
Dec. 1, 2010
Standard History

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:

Memos from Product Standards Committee before recommendation:

Link to Comments submitted by members and the public:

States who have opted out of the Uniform Standards:

  • Arizona
  • Hawaii
  • Indiana
  • Montana
  • New Jersey
IIPRC-LTC-I-3-APPFORMS
Standard Checklist
Standards for Forms Required to Be Used with an Individual Long-Term Care Insurance Application
Arizona, Hawaii, Indiana, Montana, and New Jersey have opted out of these Uniform Standards.
Aug. 11, 2011
Standard History

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:

Memos from Product Standards Committee before recommendation:

Link to Comments submitted by members and the public:

States who have opted out of the Uniform Standards:

  • Arizona
  • Hawaii
  • Indiana
  • Montana
  • New Jersey

This rule has been amended.

Amendments to Uniform Standards
Amendments Adopted April 2011

Redline Version of Adopted Standard: Amendments to Standards for Forms Required to Be Used with an Individual Long-Term Care Insurance Application

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

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.

Link to Comments submitted by members and the public:

IIPRC-LTC-I-3-APPCH
Standard Checklist
Standards for Individual Long-Term Care Insurance Application Change Form
Arizona, Hawaii, Indiana, Montana, and New Jersey have opted out of these Uniform Standards.
Dec. 1, 2010
Standard History

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:

Memos from Product Standards Committee before recommendation:

Link to Comments submitted by members and the public:

States who have opted out of the Uniform Standards:

  • Arizona
  • Hawaii
  • Indiana
  • Montana
  • New Jersey
IIPRC-DI-I-H11-APP
Standard Checklist
Individual Disability Income Insurance Application Standards
Montana has opted out of these Uniform Standards.
Jan. 11, 2012
Standard History

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:

Link to Comments submitted by members and the public:

States who have opted out of the Uniform Standards:

  • Montana
IIPRC-DI-I-H11-APPCH
Standard Checklist
Standards for Individual Disability Income Insurance Application Change Form
Montana has opted out of these Uniform Standards.
Jan. 11, 2012
Standard History

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:

Link to Comments submitted by members and the public:

States who have opted out of the Uniform Standards:

  • Montana
INDIVIDUAL TERM LIFE PRODUCT LINE
Citation Number Name of Standard/Procedure Effective Date
IIPRC-L-04-I
Standard Checklist
Individual Term Life Insurance Policy Standards Dec. 5, 2016
Standard History

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)

Amendments to Uniform Standards
Amendments Adopted August 2008
Amendments Adopted October 2010
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Rule Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-04-I-1
Standard Checklist
Individual Single Premium Term Life Insurance Policy Standards Dec. 5, 2016
Standard History

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)

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Rule Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-04-I-2
Standard Checklist
Individual Joint Last to Die Survivorship Term Life Insurance Policy Standards Dec. 5, 2016
Standard History

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)

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Rule Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-04-I-3
Standard Checklist
Individual Single Premium Joint Last to Die Survivorship Term Life Insurance Policy Standards Dec. 5, 2016
Standard History

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)

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Rule Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

INDIVIDUAL WHOLE LIFE PRODUCT LINE
Citation Number Date Approved by Management Committee Effective Date
IIPRC-L-07-I
Standard Checklist
Individual Whole Life Insurance Policy Standards Dec. 5, 2016
Standard History

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

Amendments to Uniform Standards
Amendments Adopted October 2008
Amendments Adopted October 2010
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-07-I-1
Standard Checklist
Individual Single Premium Whole Life Insurance Policy Standards Dec. 5, 2016
Standard History

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

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-07-I-2
Standard Checklist
Individual Joint Last to Die Survivorship Whole Life Insurance Policy Standards Dec. 5, 2016
Standard History

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

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-07-I-3
Standard Checklist
Individual Single Premium Joint Last to Die Survivorship Whole Life Insurance Policy Standards Dec. 5, 2016
Standard History

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

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-07-I-5
Standard Checklist
Individual Current Assumption Whole Life Insurance Policy Standards Dec. 5, 2016
Standard History

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

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L07-I-4
Standard Checklist
Additional Standards for Graded Death Benefit for Individual Whole Life Insurance Policies Jan. 15, 2011
Standard History

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:

INDIVIDUAL ENDOWMENT INSURANCE PRODUCT LINE
Citation Number Name of Standard/Procedure Effective Date
IIPRC-L-02-I
Standard Checklist
Individual Endowment Insurance Policy Standards Dec. 5, 2016
Standard History

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-02-I-1
Standard Checklist
Individual Single Premium Endowment Insurance Policy Standards Dec. 5, 2016
Standard History

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-02-I-2
Standard Checklist
Individual Joint Last To Die Survivorship Endowment Insurance Policy Standards Dec. 5, 2016
Standard History

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-02-I-3
Standard Checklist
Individual Single Premium Joint Last To Die Survivorship Endowment Insurance Policy Standards Dec. 5, 2016
Standard History

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

INDIVIDUAL NON-VARIABLE ADJUSTABLE LIFE INSURANCE PRODUCT LINE
Citation Number Name of Standard/Procedure Effective Date
IIPRC-L-09-I
Standard Checklist
Individual Flexible Premium Adjustable Life Insurance Policy Standards Dec. 5, 2016
Standard History

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-09-I-2
Standard Checklist
Individual Joint Last to Die Survivorship Flexible Premium Adjustable Life Insurance Policy Standards Dec. 5, 2016
Standard History

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-09-I-1
Standard Checklist
Individual Modified Single Premium Adjustable Life Insurance Policy Standards Dec. 5, 2016
Standard History

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

INDIVIDUAL VARIABLE ADJUSTABLE LIFE INSURANCE PRODUCT LINE
Citation Number Name of Standard/Procedure Effective Date
IIPRC-L-06-I-1
Standard Checklist
Individual Modified Single Premium Variable Life Insurance Policy Standards Dec. 5, 2016
Standard History

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

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-06-I-3
Standard Checklist
Individual Modified Single Premium Joint First To Die Variable Life Insurance Policy Standards Dec. 5, 2016
Standard History

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

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-06-I
Standard Checklist
Individual Flexible Premium Variable Adjustable Life Insurance Policy Standards Dec. 5, 2016
Standard History

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.

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-06-I-2
Standard Checklist
Individual Joint Last to Die Survivorship Flexible Premium Variable Adjustable Life Insurance Policy Standards
Dec. 5, 2016
Standard History

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.

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:

Amendments to Uniform Standards
Amendments Adopted August 2008
Toggle 5-Year Review Amendments Adopted August 2014
ToggleWar Exclusion Amendment Adopted August 2016

Redline Version of Adopted Standard: Proposed War Exclusion Amendments

Subject Matter of Proposed Rule: The purpose of this rule is to amend the Exclusions subsection of Section 3 Policy Provisions of certain Uniform Standards. The amendment deletes Subsection (1)(a)(ii) of the war exclusion provision. The amendment eliminates confusion and further clarifies that the Uniform Standards do not permit life insurance policies to contain a death benefit exclusion for known members of the military that die as a result of any act related to military service. Additionally, the term “United States” will be added to Subsection (1)(a)( i) to clarify that this prohibition on war exclusions applies to members of the United States military, military reserves or the National Guard and not members of the military of another nation.

Citation to Published Notices: Notice of this rule was published on May 31, 2016.

Name of Persons Requesting Public Hearing:

Date and Location of Public Hearing, if any: June 29, 2016 during the Joint Management Committee and Commission teleconference. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Amendments have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until August 1, 2016. Written requests for a public hearing must be received no later than June 20, 2016

Date Approved by Management Committee: August 25, 2016

Date Adopted by Commission: August 25, 2016

Effective Date of Rule: December 5, 2016

Memos from Product Standards Committee:

Transmittal Memo

Link to Comments submitted by members and the public:

Connecticut Insurance Department’s Request to Amend the War Exclusion Provision in IIPRC Uniform Standards for Life Insurance Products, dated March 1, 2016
Commissioner Cunningham’s Response to Connecticut’s Request dated March 4, 2016

IIPRC-L-06-I-4
Standard Checklist
Additional Standards for Private Placement Plans for Individual Variable Adjustable Life Insurance Policies July 3, 2011
Standard History

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:

STANDARDS FOR INDIVIDUAL LIFE BENEFIT FEATURES
Citation Number Name of Standard/Procedure Effective Date
IIPRC-L-08-LB-I
Standard Checklist
Additional Standards for All Benefit Features Dec. 4, 2014
Standard History

Subject Matter of Rule: The Standards for All Benefit Features 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

Original Version: Additional Standards for All Benefit Features

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Standards for All Benefit Features

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for All Benefit Features in accordance with the Five-Year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-AD-1
Standard Checklist
Standards for Accidental Death Benefits Dec. 4, 2014
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Standards for Accidental Death Benefits

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Accidental Death Benefits in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-AD-2
Standard Checklist
Additional Standards for Accidental Death and Dismemberment Benefits Dec. 4, 2014
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Standards for Accidental Death and Dismemberment Benefits

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Accidental Death and Dismemberment Benefits in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-AD-3
Standard Checklist
Additional Standards for Accelerated Death Benefits for Individual Life Insurance Policies Dec. 4, 2014
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Additional Standards for Accelerated Death Benefits for Individual Life Insurance Policies

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Accelerated Death Benefits for individual life insurance in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on April 14, 2014

Name of persons requesting Public Hearing:

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 13, 2014. Written requests for a public hearing must be received no later than May 4, 2014.

Date Approved by Management Committee:

Date Adopted by Commission:

Effective Date of Rule:

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-WPB
Standard Checklist
Additional Standards for Waiver of Premium Benefit Dec. 4, 2014
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Standards for Waiver of Premium Benefit

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Waiver of Premium Benefit in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-WMDB
Standard Checklist
Additional Standards for Waiver of Monthly Deductions Benefit Dec. 4, 2014
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule:Amendments to Standards for Waiver of Monthly Deductions Benefit 

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Waiver of Monthly Deductions Benefit  in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-WPBChild
Standard Checklist
Additional Standards for Waiver of Premium Benefit for Child Insurance in the Event of Payor’s Total Disability or Death July 18, 2016
Standard History

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

Original Version: Standards for Waiver of Premium Benefit for Child Insurance in the Event of Payor’s Total Disability or Death

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

This rule has been amended.

Amendments to Uniform Standards
5-Year Review Amendments Adopted April 2016

Name of Proposed Rule: Standards for Waiver of Premium Benefit for Child Insurance in the Event of Payor's Total Disability or Death

Subject Matter of Proposed Rule: The Standards for Waiver of Premium Benefit for Child Insurance in the Event of Payor's Total Disability or Death (the “Proposed Standards”) apply to the benefit feature whether added to an individual life insurance policy by rider, endorsement or amendment. These Standards 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.

Citation to Published Notices: Notice of this rule was published on December 9, 2015

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Via teleconference, February 24, 2016

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 8, 2016. Written requests for a public hearing must be received no later than December 29, 2015.

Date Amended Version Approved by the Management Committee: April 2, 2016

Date Amended Version Adopted by Commission: April 2, 2016

Effective Date of Amended Rule: July 18, 2016

Memos from Product Standards Committee:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-GIB
Standard Checklist
Additional Standards for Additional Life Insurance Benefits Provided on a Guaranteed Insurability Basis Dec. 4, 2014
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule:Amendments to Standards for Additional Life Insurance Benefits Provided on a Guaranteed Insurability Basis

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Additional Life Insurance Benefits Provided on a Guaranteed Insurability Basis in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-04-I-LB-ATL
Standard Checklist
Additional Standards for Additional Term Life Insurance Benefits Dec. 4, 2014
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule:Amendments to Standards for Additional Term Life Insurance Benefits

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Additional Term Life Insurance Benefits in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. Please reference the Event Calendar for more details.

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-TQ
Standard Checklist
Additional Standards for Forms Used to Provide Tax Qualified Plan Provisions for Individual Life Insurance Policies Mar. 5, 2015
Standard History

Subject Matter of Proposed Rule:  The Additional 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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Additional Standards for forms Used to Provide Tax Qualified Plan Provisions for Individual Life Insurance Policies

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Additional Standards for Forms Used to Provide Tax Qualified Plan Provisions for Individual Life Insurance Policies in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee 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 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-UE-1
Standard Checklist
Additional Standards for Forms Used to Exclude Policy Coverage Based on the Underwriting Process Mar. 5, 2015
Standard History

Subject Matter of Proposed Rule:  The Additional 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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Additional Standards for forms Used to Exclude Policy Coverage Based On The Underwriting Process

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Additional Standards for forms Used to Exclude Policy Coverage Based On The Underwriting Process in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee teleconference. 

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-I-CB
Standard Checklist
Additional Standards for Riders, Endorsements or Amendments Used to Effect Individual Life Insurance Policy Changes Mar. 5, 2015
Standard History

Subject Matter of Proposed Rule:  The Additional 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:

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Additional Standards for Riders, Endorsements or Amendments Used to Effect Individual Life Insurance Policy Changes

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Additional Standards for Riders, Endorsements or Amendments Used to Effect Individual Life Insurance Policy Changes in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee teleconference. 

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-L-08-LB-I-Index
Standard Checklist
Additional Standards for Index-Linked Crediting Benefit Features for Individual Adjustable Life Policies Mar. 5, 2015
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Additional Standards for Index-Linked Crediting Benefit Features for Individual Adjustable Life Policies

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Additional Standards for Index-Linked Crediting Benefit Features for Individual Adjustable Life Policies in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee teleconference. 

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-LB-04-I-ROP
Standard Checklist
Additional Standards for Intermediate Period Endowment Benefit Features for Individual Life Insurance Policies (Including Return of Premium)

PLEASE SEE FIN 2009-1 – Return of Premium for Mix and Match in Washington State

July 18, 2016
Standard History

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

Effective Date of Rule: June 25, 2009

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

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

This rule has been amended.

Amendments to Uniform Standards
Amendments Adopted October 2010

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:

Toggle 5-Year Review Amendments Adopted April 2016

Name of Proposed Rule: Additional Standards for Intermediate Period Endowment Benefit Features for Individual Life Insurance Policies

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

Citation to Published Notices: Notice of this rule was published on December 9, 2015

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Via teleconference, February 24, 2016

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 8, 2016. Written requests for a public hearing must be received no later than December 29, 2015.

Date Amended Version Approved by the Management Committee: April 2, 2016

Date Amended Version Adopted by Commission: April 2, 2016

Effective Date of Amended Rule: July 18, 2016

Memos from Product Standards Committee:

Link to Comments submitted by members and the public:

IIPRC-L-08-I-CoI
Standard Checklist
Additional Standards for Change of Insured Benefit
July 3, 2011
Standard History

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:

IIPRC-L-08-I-LB-OLP
Standard Checklist
Additional Standards for Overloan Protection Benefit July 3, 2011
Standard History

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:

IIPRC-L-08-MTC
Standard Checklist
Additional Mortality Table Change Standards Mar. 5, 2015
Standard History

Subject Matter of Proposed Rule: The Additional Mortality Table Change Standards (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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Additional Standards for Mortality Table Change

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Additional Standards for Mortality Table Change in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee 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 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

INDIVIDUAL VARIABLE ANNUITY PRODUCT LINE
Citation Number Name of Standard/Procedure Effective Date
IIPRC-A-03-I
Standard Checklist
Core Standards for Individual Deferred Variable Annuity Contracts Mar. 5, 2015
Standard History

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

Amendments to Uniform Standards
Amendments Adopted March 2009

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:

Toggle 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

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

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Core Standards for Individual Deferred Variable Annuity Contracts in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee 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 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-A-06-I
Standard Checklist
Individual Immediate Variable Annuity Contract Standards Mar. 5, 2015
Standard History

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

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Individual Immediate Variable Annuity Contract Standards

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Individual Immediate Variable Annuity Contract Standards in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee 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 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-A-03-I-BONUS
Standard Checklist
Additional Standards for Bonus Benefits for Individual Deferred Variable Annuity Contracts July 18, 2016
Standard History

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

Original Version: Additional Standards for Bonus Benefits for Individual Deferred Variable Annuity Contracts

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

This rule has been amended.

Amendments to Uniform Standards
5-Year Review Amendments Adopted April 2016

Name of Proposed Rule: Additional Standards for Bonus Benefits for Individual Deferred Variable Annuity Contracts

Subject Matter of Proposed Rule: The Additional Standards for Bonus Benefits for Individual Deferred Variable Annuity Contracts (the “Proposed Standards”) apply to bonus benefits that are built into individual deferred variable annuity contracts or added to such contracts by rider, endorsement or amendment. The bonus benefit can be an 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 on the general account portion of the contract that may be similar to but are not specifically referred to as bonuses or additional credits. The bonus benefit form may reference the bonus as a credit, enhancement, bonus or similar terminology.

Citation to Published Notices: Notice of this rule was published on December 9, 2015

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Via teleconference, February 24, 2016

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 8, 2016. Written requests for a public hearing must be received no later than December 29, 2015.

Date Amended Version Approved by the Management Committee: April 2, 2016

Date Amended Version Adopted by Commission: April 2, 2016

Effective Date of Amended Rule: July 18, 2016

Memos from Product Standards Committee:

Link to Comments submitted by members and the public:

IIPRC-A-03-I-GLB
Standard Checklist
Additional Standards for Guaranteed Living Benefits for Individual Deferred Variable Annuities October 17, 2016
Standard History

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

Original Version of Standard: Additional Standards for Guaranteed Living Benefits for Individual Deferred Variable Annuities

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
Transmittal Memo from Product Standards Committee – February 22, 2010
Transmittal Memo from Product Standards Committee – October 13, 2009

This rule has been amended.

Amendments to Uniform Standards
Toggle 5-Year Review Amendments Adopted June 2016

Redline Version of Adopted Standard: Additional Standards for Guaranteed Living Benefits for Individual Deferred Variable Annuities

Subject Matter of Proposed Rule: The Additional Standards for Guaranteed Living Benefits for Individual Deferred Variable Annuities 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 (Guaranteed Minimum Withdrawal Benefit); (2) the annuitization amount and related annual income amount (Guaranteed Minimum Income Benefit); or (3) the account value after a specified period of time (Guaranteed Minimum Accumulation Benefit).

Citation to Published Notices: Notice of this rule was published on December 9, 2015

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: February 24, 2016 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 8, 2016. Written requests for a public hearing must be received no later than December 29, 2015.

Date Approved by Management Committee: May 23, 2016

Date Adopted by Commission: June 29, 2016

Effective Date of Rule: October 17, 2016

Memos from Product Standards Committee:

Link to Comments submitted by members and the public:

IIPRC-AB-I-GMDB
Standard Checklist
Additional Standards for Guaranteed Minimum Death Benefits for Individual Deferred Variable Annuities July 18, 2016
Standard History

Subject Matter of Proposed Rule:   The Additional Standards for Guaranteed Minimum Death 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

Original Version: Additional Standards for Guaranteed Minimum Death Benefits for Individual Deferred Variable Annuities

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

This rule has been amended.

Amendments to Uniform Standards
5-Year Review Amendments Adopted April 2016

Name of Proposed Rule: Additional Standards for Guaranteed Minimum Death Benefits for Individual Deferred Variable Annuities

Subject Matter of Proposed Rule: The Additional Standards for Guaranteed Minimum Death 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. These standards do not apply to GMDB features for Individual Deferred Non-Variable Annuities.

Citation to Published Notices: Notice of this rule was published on December 9, 2015

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Via teleconference, February 24, 2016

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 8, 2016. Written requests for a public hearing must be received no later than December 29, 2015.

Date Amended Version Approved by the Management Committee: April 2, 2016

Date Amended Version Adopted by Commission: April 2, 2016

Effective Date of Amended Rule: July 18, 2016

Memos from Product Standards Committee:

Link to Comments submitted by members and the public:

IIPRC-AB-03-I-PP
Standard Checklist
Additional Standards for Private Placement Plans for Individual Deferred Variable Annuity Contracts  July 3, 2011
Standard History

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:

INDIVIDUAL NON-VARIABLE ANNUITY PRODUCT LINE
Citation Number Name of Standard/Procedure Effective Date
IIPRC-A-02-I
Standard Checklist
Core Standards for Individual Deferred Non-Variable Annuity Contract Mar. 5, 2015
Standard History

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

Amendments to Uniform Standards
Amendments Adopted October 2008

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:

Amendments Adopted October 2011

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:

Toggle 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments 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 amendment is to revise the Individual Deferred Non-Variable Annuity Contract Standards in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee 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 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public:

IIPRC-A-05-I
Standard Checklist
Individual Immediate Non-Variable Annuity Contract Standards Mar. 5, 2015
Standard History

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,