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Subject Matter of Proposed Rule: The Standards for Additional Term Life Insurance Benefits (the “Proposed Standards”) specify submission requirements, form requirements and policy provisions for additional term life benefits for the primary and any additional insureds in individual life insurance forms; applying to benefits that are built-in to individual life insurance policy forms or added to such policy forms by rider, amendment or endorsement .

Citation to Published Notices:  Notice of this Rule was published on September 4, 2007.

Name of persons requesting Public Hearing :

Date and Location of Public Hearing, if any: November 13, 200 via teleconference

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 November 3, 2007. Written requests for a public hearing must be received no later than September 24, 2007.

Date Approved by Management Committee: December 1, 2007

Date Adopted by Commission: December 1, 2007

Effective Date of Rule: March 11, 2008

Link to Comments submitted by members and the public: 
Comments from the Industry Advisory Committee

Click to Expand Amendments to Uniform Standards
Click to Expand 5-Year Review Amendments Adopted August 2014

Date Amendment Approved by Management Committee: August 15, 2014

Date Amendment Adopted by Commission: August 15, 2014

Effective Date of Amendment to Rule: December 4, 2014

Information Regarding the 5-Year Review Amendments to the Standards:

Name of Proposed Rule:Amendments to Standards for Additional Term Life Insurance Benefits

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Standards for Additional Term Life Insurance Benefits in accordance with the 5-year Commission Review of Rules required by § 119 of the Rule for the Adoption, Amendment and Repeal of Rules for the Interstate Insurance Product Regulation Commission. The procedures adopted by the Management Committee in March 2012 for implementing the 5-year review process limit the scope of review under Section 119 to identifying "the need for continuation, repeal or amendment of the rule based primarily on whether circumstances or underlying assumptions have changed since the last time the rule was adopted, amended or reviewed. See the Transmittal Memo for a more detailed description of the proposed amendments.

Citation to Published Notices: Notice of this rule was published on May 12, 2014

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Monday, July 28th during the teleconference of the IIPRC Management Committee. 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 July 14, 2014. Written requests for a public hearing must be received no later than June 1, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public: