Annual Report

Annual Report

Insurance Compact Annual Report


2021 Annual Report Cover

The 2021 Annual Report highlights the continued success of the Insurance Compact as it ends its fifteenth year of operations.

Among the Compact’s accomplishments are successfully deploying a member-driven process for the identification of proposed Uniform Standards and utilizing several processes for the first time to address pressing issues, including emergency rulemaking, advisory opinion drafting, and reevaluating the long-standing threshold for in-force long-term care rate increase approvals. These actions were implemented amid the heaviest annual filing volume ever received and processed by the Compact. More information as to the other Strategic Plan accomplishments may be found in the Dashboard and Tracker on the Strategic Plan page of the Compact website.

The Insurance Compact’s Annual Report emphasizes the continued progress and success due to the commitment and hard work of the members, their staff, with the involvement of the state legislators, companies, and consumer and industry representatives.