The above-referenced filing is being submitted for your department’s review and approval. This filing consists of changes to existing filed and approved franchise policy forms listed above. The purpose of this filing is to expand the availability of premium discounts to include student and residence attending professional training programs or schools.
Multi-life premium discounts: These discounts will be available on Disability Income Policy form XL-GS-92(DC) which was previously approved for use by your department on 4/28/1993. The particular discount to be applied will be a function of the size of the employer/employee group, gender mix of the group, employer-pay versus employee-pay, participation, income replacement percentage and the percentage of the group that is participating in the purchase of insurance. A minimum of 5 issued lives is required in order for a discount to apply.
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