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2012 Charges
- Increase utilization and implementation of the Company Licensing Best Practices Handbook.
- Continue to reduce state-specific requirements, including the need for hardcopies, for the forms and supplemental information involved in Uniform Certificate of Authority Application (UCAA) and to streamline the application process.
- Continue to enhance all electronic tools relating to UCAA to increase user-friendliness, accuracy and utility, and to increase its usage by the industry and regulators.—Essential
- Address the future work items identified in the completion of the Company Licensing Best Practices Handbook project.
- In collaboration with the Speed to Market (EX) Task Force, encourage synergies between corporate changes/amendments and rate and form filing review and approval to improve efficiency.
- Analyze federal law development and NAIC Solvency Modernization Initiative (SMI) for any needed modifications or revisions to the work of the National Treatment and Coordination (E) Working Group.
- In collaboration with the Corporate Governance (E) Working Group, encourage uniformity of requirements in relation to individuals' fitness and propriety and the company's responsibility in notifying state insurance departments of concerns or changes to key individuals. Define "key individuals."
- Increase the uniformity of the third-party vendors that prepare background investigative reports to the state insurance departments that require background reports. Reduce the inefficiency of applications by developing procedures and approval processes.
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