Weekly Tip: When are Redlines Required?

 

Weekly Tips

When are Redlines Required?

4/14/2016

When are Redlines Required? This is a question that the IIPRC Reviewers are asked and we would like to advise on this week in our Weekly Tip.

  • If the form has been previously approved and you are now submitting a revision to that form, a redline showing the changes made should be submitted on Supporting Documentation in SERFF and the new/revised form should be submitted on the Form Schedule.
  • If you are responding to an objection letter, a redline is not required. Just indicate in your response to the objection what change was made and where the change is in the form. The Insurance Compact reviewers will perform their own comparison to ensure that the form has been revised as requested and as stated in your response letter. Not that we don’t trust you – this is just a regulatory Best Practice!
  • If you have submitted a new form and you are making changes to that form before it has been reviewed by an IIPRC form reviewer a redline is not required. When you send the new/updated form just indicate why it is being sent and describe the changes made.
  • If the form review has been completed and you are sending in revisions to it that were not requested by the form reviewer, a redline is required, along with information on why a revision is being made.

We hope that this Weekly Tip will save you time in submitting updates to pending filings and improve your filing experience with the Insurance Compact. If you have any questions regarding this Weekly Tip or filing in general, please contact the Insurance Compact.