NAIC Approves SERFF Fiscal and Responds to Comment Letter
The National Association of Insurance Commissioners (NAIC) 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 NAIC 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 NAIC’s response, can be found on the NAIC website or by clicking HERE.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) 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 NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.