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Last week's Tip provided general guidance on the purpose and use of the Filing Description. This week's Tip provides guidance on the specific information that should appear in the Filing Description as set forth below:

1. Description of the included forms. A short description of each form included for review and approval should be included (2 or 3 sentences), including if any form is similar to a previously approved form, and explain the differences.
2. If rider, endorsement, or amendment forms are included, identify if the forms will be issued at the time of contract issuance, after, or both. This identification is a uniform standard requirement and often overlooked upon submission.
3. If rider, endorsement or amendment forms are included, identify if the forms are elected by the owner or issued automatically.
4. If forms are replacing approved forms, identify the form numbers being replaced as well as the SERFF and state tracking numbers of the filings that contain the forms being replaced.
5. If forms are replacing approved forms, include a brief description of the changes and expand on this in detail on Associated Filings, with the Reason field indicating replacement.
6. If the filing is associated with a prior filing as being similar, provide a brief description of how the current forms/filing are different and expand on this in detail on Associated Filings.
7. For Supporting Documentation Update filings where SOVs or AMs are being updated, identify by tracking number the filing containing the most recently approved versions of the SOVs and/or AMs.

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