GroupTermLifeInsuranceOutline(LastUpdated7112012).docVIP

PAGE 30 PAGE 40 Andrew M. Cuomo Benjamin M. Lawsky Governor Superintendent GROUP TERM LIFE INSURANCE OUTLINE (Last Updated 7/11/2012) This outline is current as of July 11, 2012. Subsequent changes to statutes, regulations, circular letters, etc., may not be reflected in the outline. In case of any doubt, please contact the Life Bureau.  TOC \o 1-3 \h \z \u  HYPERLINK \l _Toc236028903 I. Applicability  PAGEREF _Toc236028903 \h 1  HYPERLINK \l _Toc236028904 A. Scope  PAGEREF _Toc236028904 \h 1  HYPERLINK \l _Toc236028905 B. Certificate/Policy  PAGEREF _Toc236028905 \h 1  HYPERLINK \l _Toc236028906 II. Filing Requirements  PAGEREF _Toc236028906 \h 1  HYPERLINK \l _Toc236028907 A. Overview  PAGEREF _Toc236028907 \h 1  HYPERLINK \l _Toc236028908 1. Prior Approval Requirement  PAGEREF _Toc236028908 \h 1  HYPERLINK \l _Toc236028909 2. Discretionary Authority For Disapproval  PAGEREF _Toc236028909 \h 1  HYPERLINK \l _Toc236028910 B. Types of Policy Form Filings with the Life Bureau  PAGEREF _Toc236028910 \h 2  HYPERLINK \l _Toc236028911 1. Traditional Prior Approval  PAGEREF _Toc236028911 \h 2  HYPERLINK \l _Toc236028912 2. Prior Approval with Certification Procedure  PAGEREF _Toc236028912 \h 2  HYPERLINK \l _Toc236028913 3. Alternative Approval Procedure (Deemer Submissions)  PAGEREF _Toc236028913 \h 2  HYPERLINK \l _Toc236028914 4. Accelerated Approval For Certificates Deemed To Be Delivered in New York  PAGEREF _Toc236028914 \h 2  HYPERLINK \l _Toc236028915 5. Prefiled Insurance Coverage  PAGEREF _Toc236028915 \h 2  HYPERLINK \l _Toc236028916 6. Filing of non-English versions of forms  PAGEREF _Toc236028916 \h 3  HYPERLINK \l _Toc236028917 C. Policy Form Submission Rules  PAGEREF _Toc236028917 \h 3  HYPERLINK \l _Toc236028918 1. Preparation of Forms for Submission.  PAGEREF _Toc236028918 \h 3  HYPERLINK \l _Toc236028919 2. Special Rules for Combination Submiss