Arkansas Insurance Dept. to Stop Accepting Paper Filings in March

Effective March 1, 2011, the Arkansas Insurance Department (AID) will no longer accept paper filings. All filings submitted on or after March 1, 2011, must be filed via the System for Electronic Rate and Form Filing (SERFF).

Additionally, AID mandates the use of Electronic Funds Transfer (EFT) of filing fees as EFT will further expedite disposition of filings. SERFF enables the submission of rate and form filings electronically and facilitates electronic storage, management, analysis, and communication regarding filings. It improves the efficiency of the rate and form filing and approval processes and reduces the time and cost involved in making filings.

Insurers, rating organizations, and authorized filers may sign up for SERFF by contacting the SERFF Marketing Team at 816-783-8787 or via email at serffmktg@naic.org.

Training information is available at www.serff.com/services_support/training.htm.

Additionally, AID mandates the use of Electronic Funds Transfer (EFT) of filing fees, as EFT will further expedite filings.

Farm Mutual Insurance Associations are exempt from the requirements of this bulletin. Surplus lines writers are also exempt.

Source: Arkansas Insurance Department