Addressing so-called "speed-to-market" issues, the National Association of Insurance Commissioners recently approved a model for a single-entry filing system for insurance rates and forms.The Kansas City, Mo.-based association approved a six-month pilot program for the Coordinated Advertising Rate and Form Review Authority (CARFRA) that will offer insurers a single entry-system consisting of review panels of experienced members from each state, who in turn will offer advisory opinions to the states.
Ten states-Maine, Michigan, New York, Oregon, Pennsylvania and Texas, along with four others to be named by the April 1, 2001 launch date-will take part in a nine-month program that will initially cover only life and health products.
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