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Name of Proposed Rule: Individual Disability Business Overhead Expense Insurance Policy Standards

Subject Matter of Proposed Rule: The Individual Disability Business Overhead Expense Insurance Policy Standards apply to such insurance policies that are individually underwritten, including polices that are marketed through employer and associated groups (“multi-life” plans).

Citation to Published Notices: Notice of this rule was published on July 1, 2011

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Wednesday, November 2 during the in-person joint meeting of the Management Committee and Commission at the Gaylord National Resort.

Status of Proposed Rule (including upcoming meetings):

Date Approved by Management Committee:  November 2, 2011

Date Adopted by Commission: November 2, 2011

Effective Date of Rule: February 19, 2012

Original Version: Individual Disability Business Overhead Expense Insurance Policy Standards

Memos from Product Standards Committee before recommendation:

Link to Comments submitted by members and the public:

States who have opted out of the Uniform Standards:

  • Connecticut
  • Montana