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As the newest Compact State, North Dakota may be added to product filing submissions effective on August 16, 2023. It is important to note that North Dakota has a 1-year maximum suicide exclusion period. Therefore, the Compact Office advises life insurance filing companies what to consider when adding North Dakota to previously approved product filings. 

On January 18, 2023, the Compact Office released Filing Information Notice 2023-1:  Filing Process for Product Filings to Demonstrate Compliance with Suicide Exclusion Provision Amendments. Section 4.c of this FIN provides that a previously approved product to which North Dakota is added before October 3, 2023, is treated as new product filing, meaning the product must comply with the suicide exclusion amendments before being issued in the newly added state.

To demonstrate compliance with the suicide exclusion amendments, the filer should (1) submit a Note to Reviewer in the filing submission explaining how compliance is met and (2) link any associated filings made to comply. Due to the extra verification connected with North Dakota’s 1-year suicide exclusion period, filers should expect the Compact Office acknowledgement of North Dakota will be completed in two business days. 

If you have any questions about making a submission or the Insurance Compact in general, please contact the Insurance Compact Office.