Expedited Review Instructions

Submitting a Request for Expedited Review:

A company must receive written acceptance from the Insurance Compact Office to enter the expedited review queue.

For a product filing to be considered for expedited review, a company must submit an e-mail to expedited@insurancecompact.org with a specific request to be in the expedited review queue. The specific email request must include the following information:

1. Filing company name or names with its CoCode
2. Applicable TOI for the filing
3. Number and type of forms in the filing
4. List of Uniform Standards used for this filing
5. SERFF tracking information if the filing has already been submitted in the regular queue or there is a draft under construction
6. Identification by name of third-party filer or consultant service, if any
7. Identification by SERFF tracking number of the last 3 approved Compact filings in the applicable TOI being used for the expedited filing. If fewer than 3 approved Compact filings in the applicable TOI, identify up to 3 approved filings in comparable TOI within the last 2 years.
8. Unique Subject Line on the request email with the SERFF Tracking No. (i.e., Expedited Review Request SERFF Tracking No.)

The following is an example of an expedited review email request:

To: expedited@insurancecompact.org

Subject: Expedited Review Request – #ABCL-555555555

We are requesting expedited review for ABC Life Insurance Company (CoCode #xxxxx) under TOI L071 Individual Life-Whole. The filing will contain 4 forms consisting of one individual life application, one single premium whole life policy, one specification page and one accelerated death benefit for terminal illness rider. The Uniform Standards used for this filing are as follows:

IIPRC-L-I-APP
IIPRC-L-04-I

The last three approved Compact filings in TOI LO7I are:

ABCL-12345
ABCL-67890
ABCL-09876

If the request is approved, the companies will be put into the queue on a first-come, first-serve basis based on the date and time (CST) of the e-mail request, and the company will be notified via e-mail that the request was approved.

Note: The Expedited Review fee should not be submitted until the Compact has specifically informed the filer that the Expedited Review fee is due.

A company will have one (1) business day after the date it receives written authorization to submit the product filing and expedited Compact filing fee. If the filing and/or fees are not submitted at the end of the first (1st) full business day after the date of written authorization, the Insurance Compact Office will reopen the slot to another company requesting expedited review. If the slot is reopened to another company, a company will be offered the next available slot and must submit its filing and applicable fees by the end of the first (1st) full business day after being notified. If a company does not comply with the time requirements for an expedited submission after two opportunities, it must submit a new expedited review request if the company wishes for the filing to continue to be considered for expedited review.

The Expedited Review Process and Service Levels:

Upon satisfying expedited review filing fees and intake objections, the SERFF status on the filing will be changed to “Ready for Expedited Primary Review.”

Generally, the initial primary form review will be completed by the end of five (5) business days after the date the filing is marked “Ready for Expedited Primary Review” with primary actuarial review (if applicable) completed by the end of five (5) business days after the date the filing is marked “Pending Expedited Actuarial Review.” For filings containing, universal life forms, including indexed universal life and variable universal life as well as filings containing annuity guaranteed living benefit forms, actuarial review will be completed within ten (10) business days after the date the filing is marked “Ready for Expedited Actuarial Review”. For filings containing other than application-only group life forms, form review will be completed within ten (10) business days after the date the filing is marked “Ready for Primary Expedited Review”. Expedited actuarial review will be completed within ten (10) business days after the filing is marked “Ready for Expedited Actuarial Review”. See Appendix A for summary of service levels by product filing.

Companies must respond to all Insurance Compact compliance issues by the end of three (3) business days after the date the compliance issues are submitted. Failure of the company to respond by the end of three (3) business days after receiving a compliance issue will extend the time for the Insurance Compact Office to review and respond to the company’s response to ten (10) business days. Compliance issues sent after 5:00 p.m. CST will be considered “received” on the following business day.

All company responses to compliance issues will be reviewed by the Insurance Compact by the end of three (3) business days after the date the response is received unless extended to 10 days as noted above. Compliance issue responses received later than 5:00 p.m. CST will be considered “received” on the following business day.

The Insurance Compact Office reserves the right to extend its time goals and service levels and/or removal of the filing from the expedited review queue if the product filing submission or responses to objections are not substantially compliant with the applicable Uniform Standards.

If a filing is removed from the expedited review queue due to compliance issues, expedited filing fees will not be returned or credited. If a specific filing that entered the active expedited review queue is removed from the expedited review queue by the Compact, the company will not be able to request expedited review on future filings until after the company has received approval on two (2) Compact filings after the date of expedited review removal.

If the Insurance Compact removes a pending filing from the expedited review process, the pending filing will enter the regular queue and will retain the original date it was marked “Ready for Primary Expedited Review.”

Appendix A – Eligible Products Summary*

*RILA contracts and RILA index-crediting strategies are not eligible for expedited review.

Revised Effective 11/1/25