The new Interstate Insurance Product Commission is asking for public comments on draft product standards and a draft rule.
States recently set up the IIPRC in an effort to create a single point of filing for insurance products and forms.
The IIPRC's interim Management Committee voted during a conference call to expose draft product standards for flexible premium adjustable life, joint last-to-die survivorship flexible-premium adjustable life, flexible-premium variable adjustable life, joint last-to-die survivorship flexible-premium variable adjustable life, and modified single-premium adjustable life products.
The committee also voted to expose a draft rule for establishing public inspection procedures and copying of information.