New Policy Form Review Director in MA

Posted on July 17, 2008 by Cailie Currin

Kevin Beagan, Director of the State Rating Bureau of the MA Division, recently announced that Edward Charbonnier has been appointed to the position of Policy Form Review Director, with responsibility of coordinating the staff who review life insurance, annuity and accident and health filing materials.  In addition, Beagan indicated that Policy Forms meetings will resume after being discontinued in October 2007.   It appears that the intent is to hold the meetings on a quarterly basis as they were previously held. 

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MA Issues SERFF Bulletin

Posted on May 28, 2008 by Cailie Currin

Earlier this month, I indicated here that Massachusetts would be issuing a Bulletin eliminating the use of the lockbox and going to mandatory SERFF.  That Bulletin 2008-8, has now been issued and it provides very useful information about new filing procedures in Mass and provides an implementation date of 1/1/09 for mandatory SERFF.  

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SERFF Becomes Mandatory in MA

Posted on May 13, 2008 by Cailie Currin

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. 

 

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