Compact Update – District of Columbia can be added soon

 

First Consulting is excited to bring you the latest news with the insurance Compact.  Last year D.C. passed D.C. ACT 22-514 which paved the way for this jurisdiction to join the Compact. There were a few hurdles D.C. had to clear before they could join the Compact, but on March 6th, the final hurdle was achieved.  The Compact will begin accepting D.C. as part of Compact filings on March 21, 2019.

What does this mean for the industry?  In addition to including D.C. as a Compact jurisdiction for your new form filings, you will also want to consider adding D.C. to any previously approved Compact filings. 

Just as a reminder, earlier this year the Compact also announced two other exciting new services:  the Filing Fee Calculation Service and Expedited Review Process Pilot (click here to learn more). 

First Consulting is considered an expert filer and would be more than happy to help you with all of your filing needs both with Compact and Non-Compact filings.

 

Claire Miller, CPCU, AIC
Associate Consultant