Life Insurance and Annuity Policy Form Regulation Quiz
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Questions and Answers

Which system is used for electronic filing of forms for individual life insurance and annuity contracts and individual accident and health policies?

  • State specific language
  • SERFF (correct)
  • NAIC
  • Commissioner
  • How long does the Commissioner have to review a form for individual life insurance and annuity contracts and individual accident and health policies?

  • 120 days
  • 30 days
  • 90 days (correct)
  • 60 days
  • What type of policies require state-specific language in the filing?

  • Group policies
  • Individual life insurance and annuity contracts (correct)
  • Group accident and health policies
  • Individual accident and health policies
  • What is the purpose of the filing transmittal letter for group policies?

    <p>To obtain approval for the policy forms</p> Signup and view all the answers

    Which organization has adopted the corresponding system for electronic filing?

    <p>NAIC</p> Signup and view all the answers

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