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Subject Matter of Proposed Rule: The Additional Mortality Table Change Standards (the “Proposed Standards”) specify submission requirements, form requirements and policy provisions for the filing of replacement pages for individual life insurance forms whose sole purpose is to effectuate a change of a mortality table approved by the NAIC for nonforfeiture purposes. If there are any other changes in addition to the mortality table, the entire form must be submitted for approval.

Citation to Published Notices:  Notice of this Rule was published on December 12, 2007.

Name of persons requesting Public Hearing : Commissioner Jane Cline, Chair

Date and Location of Public Hearing, if any: February 25, 2008, 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 February 10, 2008. Written requests for a public hearing must be received no later than January 1, 2008.

Date Approved by Management Committee: February 25, 2008

Date Adopted by Commission: March 28, 2008

Effective Date of Rule: July 7, 2008

Link to Comments submitted by members and the public: 
Comments from the Industry Advisory Committee 
Memo from Product Standards Committee Regarding Industry Advisory Committee Comments
Additional Industry Advisory Comments

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

Date Amendment Approved by Management Committee: November 15, 2014

Date Amendment Adopted by Commission: November 15, 2014

Effective Date of Amendment to Rule: March 5, 2015

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

Name of Proposed Rule: Amendments to Additional Standards for Mortality Table Change

Subject Matter of Proposed Rule: The purpose of this amendment is to revise the Additional Standards for Mortality Table Change 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.

Citation to Published Notices: Notice of this Rule was published on September 8, 2014.

Name of persons requesting Public Hearing:

Date and Location of Public Hearing, if any: Public hearing was held on October 20th during a Management Committee 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 7, 2014. Written requests for a public hearing must be received no later than September 28, 2014.

Report and Recommendations:

Link to Comments submitted by members and the public: