Services: Contract and Compliance

Our seasoned contract and compliance specialists, with more than 15 years experience, have in-depth knowledge across all group disability products that general compliance vendors are not be able to offer. Our understanding of the unique administration and risk cost drivers associated with disability income insurance, as well as our experience working with state regulators nationwide, provides you access to a high level of specialization for more efficient, and more accurate filing.

Regulatory Support

• Provide updates on important disability industry information
• Review regulatory and legislative bulletins, attend industry group meetings, and provide compliance bulletins to keep abreast of changes in state and federal legislation

Filing Assistance

• Prepare letters, transmittal forms and other required documentation as part of state filing process
• Develop policies and related forms with all required state variations
• Respond to objections from state insurance departments
• Perform all state form and rate filing activities on behalf of clients, or support clients in performing their state filing projects
• Provide policy issue guides to assist with group policy and certificates administration

Customized Contract Drafting

• Develop policy provisions that support of new product initiatives
• Prepare appropriate policy provisions for customized accounts

Policy Updating

• Make recommendations and provide revisions to keep policy provisions current with industry norms and competitor products
• Research and market intelligence on new trends and developments in policy language
• Participate in multi-disciplinary product development meetings to assist in development of new direct issue, small group, and trust coverages

Contract Comparison

• Analyze existing policy provisions with those used by competitors
• Identifiy specific policy provisions which may pose potential risk and legal issues