iiprcl04geg

Name of Proposed Rule: Group Term Life Insurance Policy and Certificate Standards for Employer Groups

Subject Matter of Proposed Rule: The Group Term Life Insurance Policy and Certificate Standards for Employer Groups (the “Proposed Standards”) apply to paper or electronic group term life insurance policies and certificates that are issued to employers, or the trustees of a fund established by an employer, that are permitted in the jurisdiction where the policy is delivered or issued for delivery. The policies may provide benefits to eligible Employees and eligible Dependents of such Employees.

Citation to Published Notices: Notice of this rule was published on June 28, 2012

Name of persons requesting:

Date and Location of Public Hearing, if any: Public Hearing: Friday, August 10 during the in-person joint meeting of the Management Committee and Commission at the Atlanta Marriott Marquis.  Please reference the Event Calendar for more details.

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 August 27, 2012. Written requests for a public hearing must be received no later than July 18, 2012.

Date Approved by Management Committee: September 24, 2012 

Date Adopted by Commission: September 24, 2012

Effective Date of Rule: January 6, 2013

Link to Comments submitted by members and the public: