Receive comments on the Uniform Standards Development Guidance Draft

Strategic Plan, Priority 1, Action Item 3: Provide guidance for Compacting States and interested parties to be used in the Uniform Standards development process for drafting, submitting and considering proposals or changes to Uniform Standards to focus on the robust, relevant and reasonable objectives.

Receive comments on the identification and prioritization system form and procedures

Strategic Plan, Priority 1, Action Item 6: Uniform Standards identification and prioritization system

Review comments and finalize the Uniform Standards Development Guidance Draft

Review and finalize the draft identification and prioritization system form and procedures

Scope of the Single Premium Group Fixed Annuity Contract Uniform Standards for Employer Groups

Update on NAIC Model 805 amendments

Priority 1, Action Item 3: Provide guidance for Compacting States and interested parties to be used in the Uniform Standards development process for drafting, submitting and considering proposals or changes to Uniform Standards to focus on the robust, relevant and reasonable objectives.

• Review Uniform Standards Development Guidance draft

Priority 1, Action Item 6: Uniform Standards identification and prioritization system

• Finalize the identification and prioritization system procedures and form for purposes of public notice and comment

Priority 1, Action Item 6: Uniform Standards identification and prioritization system

1. Form
2. Review and finalize procedures for the identification and prioritization system

Consider Comments to Uniform Standards in Rulemaking Process from the public call

• Continue review comments from ACLI and proposed changes to the amendments to the Additional Standards for Qualifying Events for Waiver of Monthly Deductions Benefits and Additional Standards for Qualifying Events for Waiver of Premium Benefits and for thenew Additional Standards for Waiver of Surrender Charge Benefit for Life Insurance

Priority 1, Action Item 6: Uniform Standards identification and prioritization system

Consider Comments to Uniform Standards in Rulemaking Process

• Additional Standards for Qualifying Events for Waiver of Monthly Deductions Benefits

• Additional Standards for Qualifying Events for Waiver of Premium Benefits

• Additional Standards for Waiver of Surrender Charge Benefit for Life Insurance

Priority 1, Action Item 2:

Wider and

easier-to-follow

information for Uniform Standards development

process

Priority 1, Action Item 6: Uniform Standards identification and prioritization system

Continue review comments from ACLI and proposed changes to the amendments to the Additional Standards for Qualifying Events for Waiver of Monthly Deductions Benefits and Additional Standards for Qualifying Events for Waiver of Premium Benefits and for thenew Additional Standards for Waiver of Surrender Charge Benefit for Life Insurance

Priority I: Uniform Standards States Support and Companies Willingly Use

Action Item 2: Provide wider and easy-to-follow public notice and detailed information with respect to Uniform Standards development for members, interested parties and constituents/ stakeholders.

Continue review comments from ACLI and proposed changes to the amendments to the Additional Standards for Qualifying Events for Waiver of Monthly Deductions Benefits and Additional Standards for Qualifying Events for Waiver of Premium Benefits and for thenew Additional Standards for Waiver of Surrender Charge Benefit for Life Insurance

Priority I: Uniform Standards States Support and Companies Willingly Use

Action Item 2: Provide wider and easy-to-follow public notice and detailed information with respect to Uniform Standards development for members, interested parties and constituents/ stakeholders.

Further discussion:

Wider notices – Notices are sent to Compact members, the Advisory Councils and interested parties. Notices are posted on the Insurance Compact website.  What are some ways to increase who can get notices?  How do states handle public notices?

Easy to follow – Is providing a link to the draft standard and comments sufficient?

More detailed information – Call summaries are posted for PSC meetings, but there is no notice to the public that the call summaries are posted.  What are some ways to provide more detailed information during the process?

Continue review comments from ACLI and proposed changes to the amendments to the Additional Standards for Qualifying Events for Waiver of Monthly Deductions Benefits and Additional Standards for Qualifying Events for Waiver of Premium Benefits and for thenew Additional Standards for Waiver of Surrender Charge Benefit for Life Insurance

Comments from Oregon

Priority I: Uniform Standards States Support and Companies Willingly Use

Action Item 2: Provide wider and easy-to-follow public notice and detailed information with respect to Uniform Standards development for members, interested parties and constituents/ stakeholders.

Agenda

Continue review comments from ACLI and proposed changes to the amendments to the Additional Standards for Qualifying Events for Waiver of Monthly Deductions Benefits and Additional Standards for Qualifying Events for Waiver of Premium Benefits and for thenew Additional Standards for Waiver of Surrender Charge Benefit for Life Insurance

Priority I: Uniform Standards States Support and Companies Willingly Use

Action Item 2: Provide wider and easy-to-follow public notice and detailed information with respect to Uniform Standards development for members, interested parties and constituents/ stakeholders.

Review comments from ACLI and proposed changes to the amendments to the Additional Standards for Qualifying Events for Waiver of Monthly Deductions Benefits and Additional Standards for Qualifying Events for Waiver of Premium Benefits and for thenew Additional Standards for Waiver of Surrender Charge Benefit for Life Insurance

Priority I: Uniform Standards States Support and Companies Willingly Use

 Action Item 2: Provide wider and easy-to-follow public notice and detailed information with respect to Uniform Standards development for members, interested parties and constituents/ stakeholders.

Briefing from the Insurance Compact Office on the PSC development process for the amendments to the Additional Standards for Qualifying Events for Waiver of Monthly Deductions Benefits and Additional Standards for Qualifying Events for Waiver of Premium Benefits and for thenew Additional Standards for Waiver of Surrender Charge Benefit for Life Insurance