Kansas City, MO (Feb. 3, 2022)
ÐÓ°ÉÊÓƵ Approves SERFF Fiscal and Responds to Comment Letter
The ÐÓ°ÉÊÓƵ (ÐÓ°ÉÊÓƵ) announced today it approved the fiscal for phase one of the SERFF Modernization transition stages following a 10-day public comment period.
The modernization project will ultimately replace the current SERFF platform and enable the ÐÓ°ÉÊÓƵ to enhance the areas of document management, document workflow, and text processing using artificial intelligence, resulting in operational efficiency and regulatory consistency.
A complete copy of the fiscal and the one comment letter received, with ÐÓ°ÉÊÓƵ’s response, can be found on the ÐÓ°ÉÊÓƵ website or by clicking HERE.
About the ÐÓ°ÉÊÓƵ
As part of our state-based system of insurance regulation in the United States, the ÐÓ°ÉÊÓƵ (ÐÓ°ÉÊÓƵ) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the ÐÓ°ÉÊÓƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ÐÓ°ÉÊÓƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.