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Subject Matter of Proposed Rule:  The Additional Standards For Index-Linked Crediting Feature for Deferred Non-Variable Annuities (the “Proposed Standards”) specify additional submission requirements concerning the calculation of the nonforfeiture values; applying to benefits that are built-in to deferred non-variable annuity contract forms .

Citation to Published Notices:  Notice of this Rule was published on February 15, 2008.

Version Noticed Out for 60-day Public Comment

Name of persons requesting Public Hearing : Director Mary Jo Hudson, Vice Chair, Ohio

Date and Location of Public Hearing, if any: April 28, via teleconference

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until April 15, 2008. Written requests for a public hearing must be received no later than March 6, 2008.

Date Approved by Management Committee: April 28, 2008

Date Adopted by Commission: May 30, 2008

Effective Date of Rule: September 11, 2008

Link to Comments submitted by members and the public: 
Industry Advisory comments on Index-Linked Crediting Feature for Deferred Non-Variable Annuities
Industry Advisory Committee Redlined Version of the Index-Linked Crediting Feature for Deferred Non-Variable Annuities

Click to Expand Amendments to Uniform Standards
Click to Expand 5-Year Review Amendments Adopted November 2014

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule: Amendments to Additional Standards for Index-Linked Crediting Feature for Deferred Non-Variable Annuities And The General Account Portion Of Individual Deferred Variable Annuity Contracts

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Additional Standards for Index-Linked Crediting Feature for Deferred Non-Variable Annuities And The General Account Portion Of Individual Deferred Variable Annuity Contracts in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying “the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee teleconference. 

Status of Proposed Rule (including upcoming meetings): The Proposed Standards have been issued for notice and comment. Written comments will be accepted on the Proposed Standards until November 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public: