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In this week’s tip we would like to give three reminders to filers preparing for company name change or merger transactions.

1. The Name Change Checklist includes all of the required items to be submitted with a name change endorsement form and can be found on the Insurer Resources page of the Insurance Compact Website. 
2. The Associated Filings link should include the filings approved by the Commission under the previous company name that the filer intends to use under the new company name.
3. In order to submit a name change endorsement form for review, the company’s domicile state and at least one other Compact state must have approved the company name change. You may add states to the filing as other states approve the company name change. If the filing has been closed, you may request to reopen the filing to add these states. You must also update the list of states that have approved the company name change with the effective date of the name change, the date approval was granted and any action taken by the state other than approving the new company name.

If a company name is changing as a result of a merger or other combination, the same Name Change Checklist applies if there is a need for the surviving company to issue a name change endorsement. The Name Change Checklist comes from Section 107 of what is known as the Product Filing Rule. It also addresses the issuing of approved forms in the new company name following state approval.

We understand there can be a lot of moving parts to these complex regulatory transactions. If you have any questions about submitting a name change, merger endorsement, or about filing with the Insurance Compact in general, please contact the Insurance Compact Office.