Reminder: Important 2017 CSO updates and year-end business processing timelines
Like all carriers, Symetra is required to transition our products to 2017 Commissioners Standard Ordinary (CSO) Tables by Jan. 1, 2020. To meet this regulatory deadline, this is a reminder that we have established the following transition dates for our Accumulator IUL, UL-G and CAUL products (Symetra Protector IUL and Term products are already on the 2017 CSO Tables).
Important CSO 2017 dates and timelines
Oct. 31, 2019: New 2017 CSO versions of Accumulator IUL, UL-G and CAUL will be available in Winflex and Symetra Life Illustrator.
Dec. 6, 2016: Non-CSO compliant versions will be removed, and only 2017 CSO versions of Accumulator IUL, UL-G and CAUL will be available for illustration.
Dec. 13, 2019: Symetra will no longer issue non-2017 CSO policies. Please note that all non-2017 compliant products must be in-force by Dec. 31, 2019.
Important year-end business deadlines (all products)
Dec. 9, 2019: Final underwriting requirements must be received by Symetra.
Dec. 20, 2019: To ensure timely processing, final issue requirements for new business should be received for both daily and weekly commission schedules.
Dec. 31, 2019: Final business day of 2019.