News

In this week?s Best Practices Weekly Tip Roundup, the Insurance Compact Office reminds filers that a product filing submission with no forms on the Form Schedule should be submitted under the Supporting Documentation Update (SDU) filing type. The name of the filing type helps you prepare your filing correctly?if only supporting documentation items are being updated, without a form being filed for review, the SDU filing type is appropriate. When a form is filed for review, choose the best available filing type for the type(s) of forms being submitted. It is preferable to split new forms and an SDU into two separate filings for tracking and search purposes.

Do you have additional questions about SDU filings? Review Filing Information Notice (FIN) 2017-1: Process for Revisions to Forms and Supporting Documentation in Compact Filings for more information on what types of updates can be made using this filing type.

Compact reviewers invite filers to revisit the following time-saving resources pertaining to the SDU filing type:

• SDU or Not SDU? That is the Question ? This tip highlights a few common filing scenarios and whether the SDU filing type may be appropriate.
• Does Your Filing Require Actuarial Review? ? Helpful guidance for determining whether your SDU product filing submission will require actuarial review.
• Calculating Filing Fees for Revisions Under FIN 2017-1 ? Tips for determining which filing fees will be required for your SDU product filing submission.
• Logo Changes and FIN 2017-1 ? Did you know all logo change filings should be submitted under the SDU filing type? If your company has a logo change coming up, review this tip.

If you have any questions about the SDU filing type, or about filing with the Insurance Compact in general, please contact the Insurance Compact Office.