Interstate Compact Soon To Develop Group Disability Product Standards

Having completed development of the Product Standards for individual disability income products, it looks like the Interstate Insurance Product Regulation Commission (IIPRC) will soon begin work to draft and refine the Product Standards for group disability income products. As noted in prior posts here, approvals of product filings submitted to the IIPRC are extended to all the states that belong to the IIPRC for that product. I am looking forward to being part of the group working with IIPRC staff in the effort to develop the group disability standards that will serve as the guide to future state filings of group disability products.

There are presently 39 states that belong to the IIPRC (plus PR and DC), with legislation pending in several other states. Holdouts include AR, AZ, CA, CT, DC, DE, FL, MT, ND, NY and SD.