TOI Reminder for Individual Deferred Index-Linked Variable Annuity (ILVA) Filings
All ILVA filings are required to use the TOI "A02.1I Individual Annuities-Deferred Non-Variable and Variable" to separate ILVAs from other variable annuity submissions.
ILVA filings are well underway in the Compact since the Standards for Individual Deferred Index Linked Variable Annuity Contracts became effective August 12, 2024. As Oregon has opted out of these standards, a new TOI was enabled to ensure Oregon is not inadvertently included as a state on the filing. Please notice this TOI contains the unusual formatting 2.1 followed by the letter I.
If a TOI other than "A02.1I Individual Annuities - Deferred Non-Variable and Variable" is used for an ILVA contract or ILVA index strategy, a refiling will be required. This is consistent with other product lines with respect to reflecting state opt outs.
If you have any questions, please reach out to the Compact Office via comments@insurancecompact.org.
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