iiprcdigh11rate

Name of Proposed Rule: Uniform Standards For Group Disability Income Insurance Initial Rate Filings

Subject Matter of Proposed Rule: The Uniform Standards For Group Disability Income Insurance Initial Rate Filings (the "Proposed Standards") apply to insurance policies, riders, endorsements and amendments for disability income plans that are underwritten on a group basis. The benefits provided may be short term, long term or combined short term and long term. These standards shall also apply to group policy forms for which rates are being revised only for new business to be issued on or after the effective date of the rate filing. As used in these standards "disability income" means group coverage that provides periodic income if a Covered Person becomes Disabled.

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:

Link to Comments submitted by members and the public:

States who have opted out of the Uniform Standards:

  • Connecticut
  • Montana
  • Wyoming
Click to Expand Advance Rulemaking Process: