Life Table Shift Helps Keep Compact Filing Machinery Humming
April 8, 2020 by Allison Bell
A nonprofit organization that helps many states process insurance product filings is reporting strong filing and fee revenue growth for 2019.
The Interstate Insurance Product Regulation Commission says in annual report for 2019 that it received 1,639 product filings last year, up from 1,438 product filings in 2018.
The Insurance Compact collected $3.4 million filing fees for the participating states, up from $3.1 million the year before.
The compact’s own fee revenue increased to $1.6 million, from $1.4 million.
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