New Uniform Standards
The Compact has adopted six new Uniform Standards for group products! The new Uniform Standards become effective for filing use on December 1st and can be found on the Compact’s website, specifically the Record Adopted Standards. The specific new Uniform Standards are as follows. Please refer to the Scope provision in each document to learn more about the uses of these group features.
- Uniform Standards for Riders, Endorsements or Amendments Used to Effect Group Annuity Contract Changes - IIPRC-A-02-G-POLCHANGE
- Uniform Standards for Riders, Endorsements or Amendments Used to Effect Group Annuity Certificate Changes - IIPRC-A-02-G-CERTCHANGE
- Additional Standards for Forms Used to Provide Tax Qualified Plan Provisions for Group Annuity Contracts - IIPRC-A-02-G-TAXQUAL
- Additional Standards for Graded Death Benefit for Group Term Life Insurance Policies and Certificates - IIPRC-L-04-G-GRADED
- Additional Standards for Waiver of Premium Benefits for Total Disability and Other Qualifying Events for Group Term Life Insurance Policies and Certificates - IIPRC-L-04-G-WOP-2
- Additional Standards for Forms Used to Provide Tax Qualified Plan Provisions for Group Life Insurance Policies - IIPRC-G-PRODUCTS-TQ
If you have any questions, please reach out to the Compact Office via comments@insurancecompact.org.
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