FOR IMMEDIATE RELEASE
October 8, 2008
Contact: Jason Moon 517-335-1700

LANSING – Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross has required all Michigan insurance companies to file their policy forms with the agency electronically. Effective April 1, 2009, all insurance rates, rules, and policy forms that are required to be filed must be electronically submitted to OFIR via the System for Electronic Rate and Form Filing (SERFF).

“Electronic filing is a no-brainer,” Ross said. “It saves time and money for both OFIR and insurers.”

The change in policy form submissions applies to all insurance companies, health maintenance organizations, alternative financing and delivery systems, multiple employer welfare arrangements, public employer pooled plans, dental care corporations, nonprofit health care corporations and insurance rating organizations licensed to do business in Michigan as well as the auto, property, and workers compensation facilities that write coverage in Michigan.

Any paper filings received after April 1, 2009, will be rejected without review.  Insurers may establish an account with SERFF to submit filings electronically any time prior to April 1, 2009.  

Insurers, rating organizations and authorized filers will be able to sign up for SERFF by contacting SERFF at (816) 783-8787 or via email at SERFFmktg@naic.org.   

Additional information regarding SERFF may be obtained by visiting www.serff.com. 

To view the commissioner’s bulletin on the change in policy form submissions, visit: http://www.michigan.gov/documents/dleg/2008-05-INS_251641_7.pdf

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