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Projects such as the Coordinated Advertising Rate and Form Review Authority, the Accelerated Licensure Evaluation and Review Techniques Working Group, the National Treatment Proposal for more coordinated review of various company transactions, the System for Electronic Rate and Form Filing, the Uniform Certificate of Authority Application, NCOIL's model bill for Uniform Company Licensing, and the NAIC, NCSL, and NCOIL's joint effort to draft and enact an Interstate Insurance Compact for Annuities, Life Insurance and Disability Income Products all demonstrate the high level of commitment that the states are taking to address industry concerns.
The Coordinated Advertising Rate and Form Review Authority pilot program has finalized standards for three products--Medicare supplement, individual term life and individual flexible-premium deferred-annuity products.