iiprcdigh11certchange

Name of Proposed Rule: Uniform Standards For Riders, Endorsements Or Amendments Used To Effect Group Disability Income Insurance Certificate Changes

Subject Matter of Proposed Rule: The Uniform Standards For Riders, Endorsements Or Amendments Used To Effect Group Disability Income Insurance Certificate Changes (the "Proposed Standards") apply to riders, endorsements or amendments that are used to effect all group certificate changes that are required by state or federal law, or changes that have been requested for a group disability income insurance named certificate by the policyholder or the insurance company in exercising rights under the group policy, or changes the group policy permitted to be requested for a named certificate by the Employee, as applicable. Such change forms may be attached to the group disability income insurance certificate on the certificate date of issue or after the certificate date of issue.

Citation to Published Notices: Notice of this rule was published on August 27, 2015

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: November 18, 2015, Gaylord National Convention Center, National Harbor, MD

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 October 27, 2015. Written requests for a public hearing must be received no later than September 16, 2015.

Date Approved by Management Committee: February 24, 2016

Date Adopted by Commission: February 24, 2016

Effective Date of Rule: June 8, 2016

Memos from Product Standards Committee:

• Transmittal Memo for Group Disability Income Insurance Uniform Standards

Link to Comments submitted by members and the public:

• Comments Received from the Vermont Department of Financial Regulation Dated October 9, 2015

States who have opted out of the Uniform Standards:

• Connecticut
• Montana
• Wyoming

 Advance Rulemaking Process: