Last month, changes were adopted to the 2009 NAIC Uniform Life, Accident & Health, Annuity and Credit Product Coding Matrix by the NAIC’s Speed to Market Task Force. The revised Product Coding Matrix went into effect July 1, 2009, which includes the new TOI’s and Sub-TOI’s for 2010 Medicare Supplement plans.

It is important that industry use the correct TOI’s and Sub-TOI’s when submitting 2010 Medicare Supplement filings. Please review the revised Product Coding Matrix to ensure you are selecting the correct TOI and Sub-TOI. The PCM is located on the NAIC website at: http://www.naic.org/documents/
index_members_09_pcm_lahac.pdf

Click here for a list of states that are prepared to accept 2010 Medicare Supplement Filings.

Click here for a matrix overview of the Medicare Supplement changes.

Have you heard? There are currently 20 states that have made it official - they want you to SERFF or file electronically!

Click here for a list of states that mandate SERFF.

In addition to mandating SERFF, Iowa, Rhode Island, New Hampshire, Minnesota, South Dakota, Massachusetts, West Virginia, Vermont, and Georgia require that all state filing fees be paid via Electronic Funds Transfer (EFT). Oklahoma will mandate EFT on 7/14/09.

Maryland has mandated EFT payments for all SERFF filings, both Life and Health and Property and Casualty.

What does this mean to you? If you are not already SERFF and EFT licensed, you need to get licensed as quickly as possible!

Contact our SERFF Marketing Team to initiate the process: serffmktg@naic.org.