News

Happy New Year! As you work on transitioning into the new year, do not forget to register with the Compact for 2026 filing submissions. An early registration means a smoother transition into 2026.

As noted in the Terms and Procedures for IIPRC Filing Fees (Filing Fee Rule), the Insurance Compact Annual Registration Fee is due on an annual basis. The Annual Registration Fee is not a point-of-filing fee and is intended to keep the per filing fee relatively low while ensuring adequate funding for the Insurance Compact’s growing product review operations and workload. The Insurance Compact strongly recommends all filers register at the start of the calendar year to ensure uninterrupted access to the Insurance Compact filing platform.

There are no changes to the filing fees for 2026. The adopted Schedule of Fees is available on the Industry Resources page, specifically the page pertaining to the Filing Fees. As a reminder, the Annual Premium Volume used to verify the registration fees was filed in early 2025 based on the data from 2024.

Please remember an EFT Return Service Fee, equal to 5% of a failed EFT transaction, will be assessed for each failed EFT transaction after the first. We strongly encourage all companies to make their Accounts Payable department aware of the cumulative transactions and fees associated with the company’s filing activity and any applicable daily EFT limits to avoid an EFT return, which costs time and money for the Insurance Compact to handle.

Similar to the previous two years, companies are being asked to indicate which states they are currently licensed in. It is an easy-fillable form provided in the submission requirement. As a reminder, this submission requirement is to more proactively address the inclusion of states in which a company is not licensed, which can be difficult to ascertain in real time based on the information currently available to the Insurance Compact Office. Should the licensing change over the course of the year, company filers are asked to reach out to the Compact Office via email for additional guidance. Failure to update the Compact Office with this information could delay approval of subsequent product filings if the included states do not correspond with the ARF information. This would prompt follow-up from the Insurance Compact Office requesting either proof of authority or that the state be removed from the product filing.

More information about the product filing fees and the required Annual Registration Fee for companies may be found on the Schedule of Fees, located on the Industry Resources page of the Insurance Compact website.

If you have any questions, please reach out to the Compact Office via comments@insurancecompact.org.