Speed to Market (EX) Task Force
Speed to Market (EX) Task Force Page
Executive (EX) Committee Task Forces and Working Groups Summary Report
Summer 2009 Meeting Summaries Index

The Speed to Market (EX) Task Force met via conference call April 12, 2009, and June 13 in Minneapolis.

During the April 12 conference call, the Task Force:

  • Received the Personal Lines Regulatory Framework Whitepaper as recommended by the Personal Lines Regulatory Framework Working Group.
  • Adopted a motion to move Models 775 and 780 from model status to guideline status.
  • Adopted a motion to move a 2000 draft model on rate regulation to guideline status. This recommendation will be referred to the Property and Casualty (C) Committee for further review and action.

During the June 13 meeting the Task Force:

  • Adopted a motion to proceed with drafting standards for product requirements and delay technical implementation of a new Product Requirements Locator tool within SERFF until after the standards are drafted.
  • Adopted proposed changes to the Uniform Product Coding Matrix related to Medicare Supplement lines. These changes were derived from new federal requirements.
  • Adopted a report of the Operational Efficiencies Working Group covering all working group activity.
  • Adopted a report of the National Standards Working Group regarding standards development progress and standards exposure.
  • Adopted a motion to discharge the Personal Lines Regulatory Framework Working Group.
  • Adopted the minutes of the Task Force’s April 12 conference call.
  • Heard a report of the Interstate Insurance Product Regulation Commission (IIPRC) regarding new member states, filing growth and product standard development.
  • Heard a report on SERFF and Speed to Market activity addressing SERFF releases, system changes and enhancements.
  • Heard a report from the SERFF Board of Directors.

Action Items:

  • Adopted proposal from the Operational Efficiencies Working Group to focus on developing product requirement standards and delay technical development within SERFF.
  • Adopted proposal from the Operational Efficiencies Working Group to make changes to the Uniform Product Coding Matrices due to federal law changes for Medicare Supplement products.
  • Adopted a motion to discharge the Personal Lines Regulatory Framework Working Group, as the group has completed its charges.
  • Adopted the reports of the Operational Efficiencies Working Group and National Standards Working Group.
  • Adopted minutes of the April 12 Speed to Market (EX) Task Force conference call.
 

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