Kansas City, MO (Feb. 3, 2022)
Â鶹´«Ã½ Approves SERFF Fiscal and Responds to Comment Letter
The Â鶹´«Ã½ (Â鶹´«Ã½) 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 Â鶹´«Ã½ 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 Â鶹´«Ã½â€™s response, can be found on the Â鶹´«Ã½ website or by clicking HERE.
About the Â鶹´«Ã½
As part of our state-based system of insurance regulation in the United States, the Â鶹´«Ã½ (Â鶹´«Ã½) 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 Â鶹´«Ã½, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. Â鶹´«Ã½ staff supports these efforts and represents the collective views of state regulators domestically and internationally.