Jan 1 '04 New Target Date For NY SERFF

The New York Insurance Department issued Circular Letter No. 15 (2003) on Sept. 22 announcing that it was delaying the implementation date for mandatory use of System for Electronic Rate and Form Filings (SERFF) by property/casualty insurers. The Department issued a press release on May 6, stating that it would begin requiring SERFF filings in the fall of 2003 but the new circular letter indicates that January 1, 2004 is the new target date due to "difficulties in coalescing industry interest in electronic filing." SERFF, a web-based application developed as part of the Speed to Market initi...