Index Linked Payment Adjustment Benefit （索引链接付款调整受益）.pdf

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 Rules Repealed, Amended or Suspended by the Rule: None. 4.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