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The Insurance Compact has a specific filing type, Supporting Documentation Update (SDU), to be used to accommodate certain updates to Compact approved filings.

The Compact often receives filings that reflect incorrect TOIs or Filing Type.

On Monday, July 10^th, filers will become able to file using two new specialized Individual Disability Income (IDI) Uniform Standards - Individual Disability Income Key Person Replacement Insurance Policy Standards and Individual Disability Income Buy Sell Insurance Policy Standards.

On December 12, 2021, the Insurance Compact held its Annual Meeting in San Diego, CA. This week's tip covers the key outcomes of the meeting.

Uniform Standards Update:

On July 1, 2023, the Product Standards Committee (PSC) will commence its Uniform Standards development prioritization process for 2024.

Did you notice the Compact Office published Filing Information Notice (FIN) 2024-1 pertaining to the Trade Secret process earlier this week? FIN 2024-1 details how filers may request a Trade Secret treatment for certain information submitted in a Product Filing to the Compact.

As we head into 2021, the Compact Review Team wanted to take a few minutes to provide you with an update on the status of the Expedited Review program and a few end of year reminders.

We have a great session this week that is perfect for those who are new or unfamiliar with the Compact and its role as an arm of Compacting States. There is no charge to attend any webinar in this series.

Best Practices: Supporting Documentation  

Today is the due date in the Uniform Standards for LTC filers to submit annual certifications for Compact-approved rate schedules, including triennial actuarial memoranda where applicable.

The Compact Office hopes everyone had a great holiday season. We are looking forward to working with you in 2025. A few housekeeping items to mark a smooth transition into 2025.

In this week?s Best Practices Weekly Tip Roundup, the Insurance Compact Office reminds filers submitting temporary insurance agreements, application supplements, riders, endorsements, amendments, and/or applications to identify which forms will be used with which policies or contracts.

Please join the Insurance Compact Office to hear a Life Insurance Product Line Filing Update.