SERFF Becomes Mandatory in MA
Those of us who attended the recent AICP NE Chapter Education Day at UNH experienced a great day in a beautiful location. The hotel and conference center were set in the woods as I have never seen before! As always it was a fun and informative event and more about it will be posted here in the days to come!
And while there were many substantive issues discussed, one announcement that made a lot of people's day was that MA is joining the growing number of states where SERFF is mandatory. However, it really wasn't the SERFF portion of the announcement that drew the most appreciation - it was the fact that at long last, MA is doing away - once and for all - with the lock box!!! Along with the move to mandatory SERFF, MA is going to mandatory EFT and thereby eliminating the administrative nightmare and the delays caused by the antiquated lock box procedure. A Bulletin was promised soon.
