Guidelines On Applications For Approval Of New And Repackaged Life Insurance Products
This serves as the covering letter for the application and must contain general specified information about the product being filed. The information that typically must appear in the transmittal letter include the following; a. Information identifying the insurer b. A brief description of the product being filed. c. The policy form number which is usually assigned by the insurer to identify the particular policy form and to distinguish it from all other policy forms that the insurer has issued. d. A statement about how the insurer intends to market the product and a description of the products target market. e. The name of an official within the insurance company that the NIC can contact regarding the filing.