Kansas City, MO (Feb. 3, 2022)
Ï㽶ÊÓƵ Approves SERFF Fiscal and Responds to Comment Letter
The Ï㽶ÊÓƵ (Ï㽶ÊÓƵ) 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 Ï㽶ÊÓƵ 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 Ï㽶ÊÓƵ’s response, can be found on the Ï㽶ÊÓƵ website or by clicking HERE.
About the Ï㽶ÊÓƵ
As part of our state-based system of insurance regulation in the United States, the Ï㽶ÊÓƵ (Ï㽶ÊÓƵ) 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 Ï㽶ÊÓƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. Ï㽶ÊÓƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.