Industry Standards
E-Signatures

NAVA formed the E-Signatures working group in 2002 to develop a strategy and recommended course of action for implementing electronic signatures in the annuity industry.

Expectations for this initiative are as follows:

Leverage the work done by others such as SPeRS, WC3, and ACORD.
Seek NAVA committee approval prior to initiating any actual development
Recommendation to be hardware and technology independent.
Working group to develop an industry philosophy & architecture, and get that approved through all states
Work to include the analysis of two separate processes: signature and authentication
Scope is to provide binding authorization, “e-signature”, at the point-of-transaction
Recommendations may involve process changes – such as who can be accountable for holding a signature

To download a copy of the E-signatures white paper, click here.
If you would just like a copy of the Legislative portion, click here.
If you would just like a copy of the Technology portion, click here.

If you have any questions or would like to participate on the E-Signatures working group please contact Deborah Tucker at dtucker@navanet.org.