Filing Tax Qualified Annuity Forms for SECURE Act
The Insurance Compact Office has responded to inquiries as to how filers may address changes in tax qualified products for the Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act.
The Insurance Compact has Additional Standards for Forms Used to Provide Tax Qualified Plan Provisions for Individual Annuity Contracts (IIPRC-AB-I-TQ) in effect. Companies may file tax qualified forms using these Uniform Standards to accommodate the changes made pursuant to the SECURE Act. These Uniform Standards permit mix and match, meaning a rider or endorsement may be filed with the Insurance Compact for use with a state-approved annuity contract. These Uniform Standards are for use with individual products only.
If you have any questions about the individual annuity Uniform Standards, or about the Insurance Compact in general, please contact the Insurance Compact Office.
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