Industry Standards
Industry Standards Initiative

In October 2005, the NAVA Board approved a project – NAVA’s Straight-through Processing Standards Initiative (STP Initiative) to create a set of standards for doing electronic new business submission for annuities that includes e-signature and uniform interpretations of all state and federal regulations – for which we get regulatory acceptance.

These standards were designed address from a technology, operations and regulatory viewpoint such things as e-signature solutions, standardized forms, and e-document management.

NAVA has formed an Executive Council of consortium companies – carriers and distributors – that are backing the STP Initiative. For a copy of the list of the companies that are members of the Executive Council, click here. STP Executive Council

To view the STP Initiative standards that were approved in December 2006, click here. The STP Initiative Standards

To view a copy of the STP process flow diagram, click here. STP Initiative Process Flow Diagram