KANSAS CITY, MO (October 18, 2019) — The National Association of Insurance Commissioners (NAIC) announced it has issued a Request for Proposal (RFP) to engage a firm to conduct a business and technical assessment of the NAIC’s System for Electronic Rates and Forms Filing (SERFF).
SERFF is a web-based system that facilitates the electronic submission of insurance product filings by insurers and the regulatory review of such filings by insurance regulators. SERFF is widely used, processing more than 550,000 transactions a year, including plan submissions related to the Affordable Care Act (ACA) and product filings submitted to the Interstate Insurance Product Regulation Commission.
The NAIC seeks a firm to provide a detailed analysis of the technical capabilities of SERFF in conjunction with the business needs of the association and its members. Qualified firms must have demonstrated experience with similar types of assessment.
The RFP is available on the NAIC’s website at www.naic.org. For consideration, proposals must be submitted to the NAIC no later than November 8, 2019. A committee of three State Insurance Department Members has been designated to review proposal and to select a firm for the engagement. Please see the RFP for the assessment details and proposal requirements.