West Virginia Insurance Department Going Paperless
The West Virginia Insurance Commission sent a heads-up to all insurance companies licensed to do business in the state, informing them that the department will accept only electronic rate and form filings beginning in 2009.
Insurance Commissioner Jane L. Cline said, effective Jan. 1, 2009, the West Virginia Offices of the Insurance Commissioner will no longer accept paper filings. All insurance rate, rule and form filings must be submitted via the system for electronic rate and form filing (SERFF). All fees due in connection with such filings must be paid with electronic funds transfer (EFT). Any paper filings received after the effective date will be returned to the filer without review.
Insurers, rating organizations and authorized filers can subscribe to SERFF by contacting SERFF at (816) 783-8787 or via e-mail at serffmktg@naic.org. Additional information regarding SERFF and EFT may be obtained by visiting www.serff.org.
Insurers and other filers are encouraged to take formal training so they can fully utilize the SERFF system. Contact information regarding training can be found at the SERFF Web site at http://www.serff.org/training.htm. A variety of formats are available, including online training.
Cline said insurers are strongly encouraged to immediately begin making arrangements to use SERFF and EFT exclusively — prior to the deadline. She also encourages insurers that use authorized filers to immediately notify those entities so that they can make arrangements to be SERFF and EFT compliant prior to the deadline.
Source: West Virginia Offices of the Insurance Commissioner