NAIC May Upgrade the SERFF Filing Database System
October 16, 2019 by Allison Bell
The National Association of Insurance Commissioners (NAIC) is starting a project that could lead to big changes in a major insurance rate and form database.
The NAIC will be commissioning an outside review of its System for Electronic Rate and Form Filing (SERFF).
Insurers can use SERFF to file documents with state insurance regulators in 47 states. The Interstate Insurance Product Regulation Commission, which takes in filings for 45 states, also uses SERFF.
Members of the public — including agents and brokers — can use the free public SERFF portals on many state insurance department websites, and on the Interstate Compact website, to read portions of the filings. Producers can, for example, use the SERFF system to read the filings for new indexed annuities, new whole life policies, and new short-term health insurance policies.
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