Department of Insurance, Securities and Banking

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The Department of Insurance, Securities and Banking has a new address: 1050 First Street, NE, Suite 801, Washington, DC 20002.

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Gerber Life Insurance Company

Tuesday, October 1, 2013
This filing was previously rejected by your department on 9/13/13. In response to your Disposition report dated 9/13/13 (copy attached under supporting documentation), the company has asked us to respond by asking for reconsideration since we were surprised to hear of this apparently new requirement to limit coverage to large groups only. This seems to be a new requirement in that it didn’t apply to a similar approval given to another recent stop-loss filing. We have not seen any notice of any new rules or regulations requiring stop-loss to be issued only to large groups. Given the comment, can you please advise of the regulatory authority behind the request. 
Status: Pending Industry Response
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