Product Standards Committee Requests for Comment

 

Product Standards Committee

Open Requests for Comment

Public comments on any Insurance Compact Uniform Standard are welcome at any time. For any comments not submitted during an identified comment period, please email comments to Comments@insurancecompact.org.

  1. The PSC is currently receiving comments on Phase 8 of the Five-Year Review of individual Disability Income Insurance Uniform Standards. For more information, please refer to the Docket.
     
  2. The PSC is currently seeking written comments on the following questions: 
  • What individual life or annuity products or benefit features are companies filing with states rather than the Insurance Compact because of lack of Uniform Standards?
  • Where is product innovation heading, resulting in a need for new or amended regulatory requirements and uniform standards?
  • What new products or benefits are consumers asking for that cannot be filed with the Insurance Compact due to lack of uniform standards?

The Committee welcomes input from company representatives, industry representatives, consumer representative, regulators, legislators as well as innovators, insuretech organizations and/or start-ups. 

Comment Deadline: Initial Comment deadline of November 20, 2017, has been extended.

Related Public Call(s): 

Comments Received:

Comments from Pacific Life dated November 8, 2017
Comments from Nationwide dated November 20, 2017
Comments from the Pennsylvania Insurance Department dated November 20, 2017
Comments from Transamerica dated November 20, 2017
Comments from the Oregon Department of Insurance dated November 22, 2017
Comments from Sandra K. Melzer & Associates, Inc. dated January 19, 2018
Comments from the American Council of Life Insurers dated January 30, 2018