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Index Linked Payment Adjustment Benefit (索引链接付款调整受益)
Index Linked Payment Adjustment Benefit Standards
1. Date Adopted: August 27, 2008
2. Purpose and Scope: The purpose of this rule is to establish reasonable uniform
standards for index-linked annuity payment adjustment benefits filed with the
Interstate Insurance Product Regulation Commission (“IIPRC”). These standards
are intended to apply to traditional forms of index-linked annuity payment
adjustment benefits that are built-in to individual immediate non-variable annuity
contracts or are added to such contracts at issue by rider, amendment or
endorsement; the adjustment benefits are triggered by a change in an index one or
more times during the life of the contract; applying to adjustments that are either
built into the contract or added by rider, endorsement or amendment.
3. Rules Repealed, Amended or Suspended by the Rule: None.
4. Statutory Authority: Among the IIPRC’s primary purposes and powers is to
establish reasonable uniform standards for the insurance products covered in the
Interstate Insurance Product Regulation Compact (‘Compact”), specifically
pursuant to Article I §2, Article IV §2 and Article VII §1 of the Compact, as
enacted into law by each IIPRC member state.
5. Required Findings: None
6. Effective Date: December 14, 2008
© IIPRC 1
Date: 8/27/08
As adopted by the IIPRC
INDEX-LINKED ANNUITY PAYMENT ADJUSTMENT BENEFIT
Scope: These standards apply to index-linked annuity payment adjustment benefits that
are built-in to individual immediate non-variable annuity contracts or are added to such
contracts at issue by rider, amendment or endorsement. These standards apply to any
adjustments to annuity pa
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