Weekly Tip: Group Disability Income Uniform Standards

 

Weekly Tips

Group Disability Income Uniform Standards

3/23/2015

Did you know that the Product Standards Committee has been reviewing the draft versions of the proposed group disability income uniform standards?  A dedicated group of Product Standards Committee members has been meeting on a weekly basis to review the draft documents.  The group includes: Kansas, Utah, Maryland, Missouri, Nebraska, New Jersey, Oregon, and Texas.  The group then meets with the full Product Standards Committee on a monthly basis to present their findings and receive input from the rest of the Committee.

As part of its transparent and participatory process, the Product Standards Committee has been publishing Call Summaries since last summer.  These Call Summaries are provided on the About the IIPRC page of the Insurance Compact website under Product Standards Committee on the left-hand side of the page. The Call Summaries provide insight in to the provisions of the proposed group disability income policy and certificated uniform standards that have generated discussion and revision.

On a related note, the Insurance Compact will host a webinar on individual disability income products on Thursday, April 2nd at 2 pm ET.  Join Maureen Perry as she provides the ins and outs on the individual disability income Uniform Standards and common pitfalls to avoid.  More information may also be found on the Event Calendar pertaining to this particular webinar.

If you have any questions regarding this Weekly Tip, please contact the Insurance Compact Office.