Operational Efficiencies Working Group
Operational Efficiencies Working Group
Executive (EX) Committee Task Forces and Working Groups Summary Report
Fall 2009 Meeting Summaries Index

The Operational Efficiencies (EX) Working Group met Sept. 1, 2009. Highlights of activity include:

• Product Filing Review Handbook Subgroup. There were two interim meetings of this subgroup. Chapter Three—Property/Casualty Rate-making is nearing completion. Immediately following completion of Chapter Three, the subgroup will begin work on the chapters regarding SERFF and speed-to-market tools. At the same time, actuarial staff will be reviewing the chapter on regulatory data. This leaves the chapter on life and health rate-making yet to be completed. Representatives from Florida, Kentucky and Oregon offered to assist with the handbook.
• Product Requirements Locator (PRL) Subgroup. The redesign of PRL has been suspended, pending a commitment of industry support for the tool. The PRL Subgroup will continue to work toward gaining support for consistency and uniformity within the tool. The chairs are considering separating efforts between life and property/casualty issues. Several members of the PRL Subgroup will be at the Association of Insurance Compliance Professionals conference in October and will try to garner support for the project.
• Joint Conference Call of the Operational Efficiencies Working Group and National Treatment and Coordination (EX) Working Group. Despite a request for information at a joint meeting of these Working Groups and again at a joint session at the 2009 NAIC/NIPR E-Regulation Conference, very little information on this issue has been submitted to the NAIC. Sample survey questions were drafted and sent to the National Treatment and Coordination Working Group for review. Efforts will be made to determine each state’s process, with overall goals of increasing transparency and eliminating any artificial barriers in the process. The National Treatment and Coordination Working Group also is working on a project to assist a company that is in the midst of this process. Impending deadlines for this company are being handled on a state-by-state basis; however, the overall issue still needs to be addressed. Anyone with information that might help identify state processes and requirements is asked to contact NAIC staff support.