Develop a checklist for validating insurance coverage

Posted by / 12-Jan-2020 10:40

Develop a checklist for validating insurance coverage

Note also that this compliance questionnaire does not apply to Commercial Auto Physical Damage coverage.Complete the Commercial Auto Liability and Physical Damage Coverages Form Filing Compliance Questionnaire for this line.To assist you in preparing filings, the Department has developed review standards checklists and compliance questionnaires intended to provide guidance to many of the Department’s requirements. An applicable set of compliance questionnaires may be required if the filing refers to or should refer to a specific review standard listed in the review standards checklist.Submission of available review standards checklists is mandatory with filings submitted on a basis and optional with filings submitted on a regular , non "Speed to Market" basis pursuant to Supplement No. In either situation, submission of appropriately completed review standards checklists and compliance questionnaires will expedite the review process.This compliance questionnaire should be included in any filing containing forms for Commercial Liability (except Commercial Automobile Liability, which has its own separate compliance questionnaire).

For example, if a filing contains forms for Commercial General Liability coverage (written on an occurrence basis with defense outside limits) and Directors and Officers and Employment Practices Liability coverage parts (written on a claims-made basis with defense within limits), the insurer must complete and submit the following forms, review standards checklists, and compliance questionnaires: For all rate, rating plan, and rating rule filings, a Rate Filing Sequence Checklist must be submitted.If the filing contains forms only, complete section I.This compliance questionnaire should be included in any Personal Auto form filing that contains (or should contain) cancellation and nonrenewal provisions.A brief summary of each review standard is provided along with a hyperlink to the specific statutes, regulations, circular letters, and compliance questionnaires.The review standards checklists must be fully completed for new programs and major revisions to existing programs.

develop a checklist for validating insurance coverage-89develop a checklist for validating insurance coverage-21develop a checklist for validating insurance coverage-23

Compliance with the review standards checklists does not guarantee approval of any filing.