IA Bulletin on NAVA Straight Through Processing

Posted on March 5, 2008 by Cailie Currin

Iowa has recently issued Bulletin 2008-2 entitled Processing of Annuities Electronically and NAVA Straight Through Processing (STP) Standards.  The Iowa Insurance division states that,  as it has been explained to them, the NAVA STP standards and processes comply with Iowa's rules on electronic signature, record retention and delivery requirements as well as the required annuity disclosure rules.  There is the caveat though that in the case of a conflict between the NAVA STP standards and processes and Iowa law, the latter will govern. 

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