iiprcgproductsapp

Name of Proposed Rule: Group Policyholder Application Uniform Standards

Subject Matter of Proposed Rule: Group Policyholder Application Uniform Standards (the "Proposed Standards") apply to paper, telephonic or electronic applications for coverage provided by any group insurance policy forms available for filing with the IIPRC. The amendment deletes reference to group term life insurance and is renamed the Group Policyholder Application Uniform Standards. The amendment also updates the fraud notice/warning provision to conform to revisions made during Phase One of the 5-Year Review for other Uniform Standards.

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:

Click to Expand Amendments to Uniform Standards
Click to ExpandAmendments Adopted February 2016

Date Amendment Approved by Management Committee: February 24, 2016

Date Amendment Adopted by Commission: February 24, 2016

Effective Date of Amendment to Rule: June 8, 2016

Information Regarding the Amendment to the Standards:

Name of Proposed Rule: Amendments to Group Policyholder Application Uniform Standards for Group Term Life Insurance

Subject Matter of Proposed Rule: Group Policyholder Application Uniform Standards (the "Proposed Standards") apply to paper, telephonic or electronic applications for coverage provided by any group insurance policy forms available for filing with the IIPRC.  The amendment deletes reference to group term life insurance and is renamed the Group Policyholder Application Uniform Standards.  The amendment also updates the fraud notice/warning provision to conform to revisions made during Phase One of the 5-Year Review for other Uniform Standards.

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

Link to Comments submitted by members and the public:

Transmittal Memo for Group Disability Income Insurance Uniform Standards