Committees

Product Standards Committee

Members:

Commissioner Michael Conway, Chair - Colorado

Commissioner Doug Ommen, Vice Chair - Iowa

Commissioner Mark Fowler - Alabama

Commissioner Alan McClain - Arkansas

Commissioner Trinidad Navarro - Delaware

Commissioner Karima M. Woods - District of Columbia

Commissioner Sharon P. Clark - Kentucky

Commissioner Kathleen A. Birrane - Maryland

Director Anita G. Fox - Michigan

Director Chlora Lindley-Myers - Missouri

Commissioner Troy Downing - Montana

Commissioner Mike Causey - North Carolina

Director Judith L. French - Ohio

Commissioner Glen Mulready - Oklahoma

Commissioner Michael Humphreys - Pennsylvania

Commissioner Carter Lawrence - Tennessee

Commissioner Cassie Brown - Texas

Commissioner Jonathan Pike - Utah

Commissioner Kevin Gaffney - Vermont

Commissioner Mike Kreidler - Washington

Purpose:
  1. To collaborate as regulators from Compacting States to develop recommendations for consideration, approval and adoption by the Management Committee and the Interstate Insurance Product Regulation Commission (Insurance Compact Commission).

  2. To develop new and amended Uniform Standards that states support and companies willingly use and are robust and reflect strong and detailed consumer protections; are relevant and reflect product offerings that are available today in the several Compacting States; and, are not unduly prescriptive or restrictive.

  3. To regularly review, but no less than every five years, Uniform Standards to ensure they are robust and reflect strong and detailed consumer protections; are relevant and reflect product offerings that are available today in the several Compacting States; and, are not unduly prescriptive or restrictive.

  4. To provide regulatory expertise on product requirements and Uniform Standards, including responding to requests for technical expertise or special projects assigned by the Management Committee and the Insurance Compact Commission.

  5. To confer with the Legislative Committee, Consumer Advisory Committee and Industry Advisory Committee regarding Uniform Standards development activities and proposed recommendations.

Past Events

Draft Index Linked Variable Annuity (ILVA) Uniform Standard 

 

Contact Info:

Susan Ezalarab
Regulatory Coordinator Consultant
sezalarab@insurancecompact.org