Supporting Documentation Update (SDU) Filing Reminders
This Weekly Tip is being issued to remind filers of best practices when submitting Supporting Documentation Update (SDU) filings.
1. The filing needs to communicate, by tracking number, the filing containing the most recently approved version of the component being updated in the SDU filing. Please make it common practice that when submitting these filing types, the Filing Description indicates the most recently approved filing, by either, or both, the SERFF or State Tracking Number(s), as well as form attachment name.
Example language for Filing Description:
This filing is made to update the statement of variability to add new indices. The most recently approved statement of variability can be found in filing SERFF ABCD-22222222, State tracking number IC19-32222, approved January 22, 1999. The form being updated is named SOV app. This filing is included as an associated filing.
2. Make sure to link as associated filings the filing(s) containing the most recently approved document(s) being updated.
3. If the filing is updating Statements of Variability, make sure to include the required Certification of Variability.
4. For review efficiency, ensure the format of the updated document is consistent with the previously approved version to make compares meaningful. For instance, if the format of the Statement of Variability is changed from bullet points to tabular data, that defeats automated document comparison tools and costs manual review time.
Following these tips will help ensure efficient reviews.
If you have any questions, please reach out to the Compact Office via comments@insurancecompact.org.
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