NU Online News Service, March 2, 3:47 p.m. EST
The unilateral decision by officials of the National Association of Insurance Commissioners (NAIC) to broaden the use of the System for Electronic Rate and Form Filing (SERFF) to include regulatory purposes is coming under strong fire from industry trade groups.
In a letter dated Feb. 22, four industry trade groups voiced "grave concern" with an NAIC executive committee memorandum filed Dec. 6., which stated that "there is nothing that precludes the use of SERFF for regulatory purposes beyond rate and form filing."
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