(C) IIPRC 2008. Interstate Insurance Compact Speed to Market The Next Generation AICP New England...
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Transcript of (C) IIPRC 2008. Interstate Insurance Compact Speed to Market The Next Generation AICP New England...
![Page 1: (C) IIPRC 2008. Interstate Insurance Compact Speed to Market The Next Generation AICP New England Chapter Meeting May 15, 2009 Charles Rapacciuolo Interstate.](https://reader036.fdocuments.in/reader036/viewer/2022062504/5a4d1b1c7f8b9ab059993b0c/html5/thumbnails/1.jpg)
(C) IIPRC 2008
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(C) IIPRC 2008
Interstate Insurance Compact
Speed to Market The Next Generation
AICP New England Chapter MeetingMay 15, 2009Charles RapacciuoloInterstate Insurance Product Regulation Commission
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(C) IIPRC 2008
Interstate Insurance Compact
* Uniform Standards for Individual and Group Life, Annuity, Disability Income and Long-Term Care *
* Central Point of Filing and Review *
* Enhanced Efficiency *
* Continued Consumer Protection *
![Page 4: (C) IIPRC 2008. Interstate Insurance Compact Speed to Market The Next Generation AICP New England Chapter Meeting May 15, 2009 Charles Rapacciuolo Interstate.](https://reader036.fdocuments.in/reader036/viewer/2022062504/5a4d1b1c7f8b9ab059993b0c/html5/thumbnails/4.jpg)
(C) IIPRC 2008
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(C) IIPRC 2008
IIPRC Numbers to Remember
One is not the loneliest number… 1 = central point of filing 1 = SERFF Submission to all 35
Members for 1 approval
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(C) IIPRC 2008
Uniform Standards DevelopmentUniform Standards development requires
strength in numbers NAIC’s National Standards Working
Group & IIPRC Product Standards Committee
Public Comment Supermajority adoption requirement
(2/3 of Management Committee & Commission)
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(C) IIPRC 2008
Uniform Standards TodayThe IIPRC has found a wave in numbers…- Over 50 Uniform Standards adopted to date
in Individual Life and Annuity product lines that represent :*Over 6 Annuity TOI available (14 sub-TOI)*Over 5 Life TOI available (61 sub-TOI)
- More still to come in the Long Term Care and Disability Income along with Group Life and Annuity product lines.
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(C) IIPRC 2008
Resources Available
There are numerous resources available in 1 location – the IIPRC Web Site…
Docket (Standards in development) Record (Standards for filing) Industry Resources Member Resources
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(C) IIPRC 2008
Important Industry Resources
All Filing InstructionsFiling Information Notices Statement of IntentFiling Fee InformationTOI LinkStandards Priorities
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(C) IIPRC 2008
Uniform Standards on the Web Site
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(C) IIPRC 2008
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(C) IIPRC 2008
Making an IIPRC Filing Click on “Create Compact Filing”…
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(C) IIPRC 2008
IIPRC Submission Requirements
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(C) IIPRC 2008
IIPRC Filing Fees
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(C) IIPRC 2008
Add a State As states join the Compact, you may add them
to the Product Filings…
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(C) IIPRC 2008
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(C) IIPRC 2008
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(C) IIPRC 2008
IIPRC Product Ops Team
Sara Dubsky, Operations Manager David Morris, Product Review
Consultant Alice Fontaine, Actuarial Consultant Charles Rapacciuolo, Development
Consultant
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(C) IIPRC 2008
IIPRC Contact InformationFor more information, please contact:
The IIPRC Office -
(202) [email protected] site: www.insurancecompact.org