Selection of Products for Post-Approval Review

Posted on May 5, 2007 by Cailie Currin

Have you ever wondered how particular files get chosen to undergo a post approval review?  Well, according to the NYSID staff, the following factors can result in your file's selection:

1) Priority Level (See following post on this topic)

2) Training needs.  Post-approval reviews are used to train new staff and so for example if they need to learn universal life products, several UL filings may be selected for post-approval review.   A more experienced staff member may also be moving into a new substantive area and use post-approval reviews as the method to become familiar with a new range of products.

3) Examinations of the company.  Post-approval reviews may be incorporated into the scheduled examination of a company. 

It was also explained that the particular attorneys queue is a factor as well. 

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