iiprcl04gegadb

Name of Proposed Rule: Group Term Life Insurance Uniform Standards for Accidental Death Benefits

Subject Matter of Proposed Rule: The Group Term Life Insurance Uniform Standards for Accidental Death Benefits (the “Proposed Standards”) apply to accidental death benefits that are built into group life insurance certificates or added to such certificates by rider, endorsement or amendment. These standards accommodate accidental death benefits for covered persons and shall not apply to accidental death benefits that include dismemberment benefits or accidental death only policies.

Citation to Published Notices: Notice of this rule was published on March 12, 2013

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, April 8 during the in-person joint meeting of the Management Committee and Commission at the Hilton Americas.  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 May 11, 2013. Written requests for a public hearing must be received no later than April 1, 2013.

Date Approved by Management Committee: May 20, 2013

Date Adopted by Commission: May 20, 2013

Effective Date of Rule: September 4, 2013

Link to Comments submitted by members and the public: