Perr&Knight’s regulatory compliance services include state filings, product design, forms development, statistical reporting, regulatory licensing, regulatory research, bureau circular monitoring and an advanced suite of web based compliance tools. Our consultants are familiar with each state’s requirements and are adept at handling virtually all compliance tasks. Clients choose Perr&Knight in order to take advantage of our expertise, flexible resources and speed to market. We give our clients the time to concentrate on their core objectives, while keeping human resource expenses to a minimum.
Our state filing unit can help ease deadline concerns by providing a complete, organized solution for filing even the most difficult filing programs. We can prepare and submit rate, rule and form filings for any line of business nationwide — often, in as little as two days. Additionally, our staff’s experience and the proficiency of our systems allow the entire process to be handled affordably, perhaps even at a savings over the traditional cost of handling the project internally.
Perr&Knight has forms expertise ranging from overall new product development to reviews of existing products in order to ensure compliance with individual state laws. We can assist in the creation of company forms, including coverage forms (policies), endorsements, applications, policyholder notices, coverage selection and the like. We can also help you create the final manual pages for inclusion with rate and rule filings.
Perr&Knight has built the premier property-casualty statistical reporting consulting practice. We continue to invest heavily in the top-of-the-line hardware, software and personnel in order to meet all demands placed upon us with regard to the quality and timeliness of statistical data submissions.
Our statistical reporting unit operates just like an insurance company’s own statistical reporting unit. We receive data, compile and aggregate data, verifying and scrub data. We run the data through edits and, when complete, file it with the appropriate Department of Insurance or Statistical Agent within the required time frames.
We can assist both admitted and non-admitted companies in obtaining Certificates of Authority (COA), changing names, redomestication, restructuring and adding and deleting lines of business from a company’s COA. In New York, this includes amending existing COAs to write business in the Free Trade Zone.
We license and register Risk Retention Groups and Risk Purchasing Groups.
We prepare and submit all necessary forms for the appointment and licensing of producers.
Our staff has spent years researching nearly every facet of regulatory compliance, and maintains a working relationship with all Departments of Insurance within the United States and its territories. We combine our collective experience with numerous resources, including departmental contacts, state submission guidelines, internet research and current and historical statutory filings, to rapidly and accurately obtain information on any number of subjects. Our staff will obtain, verify, and catalogue this information in a format that can be quickly and confidently referenced to ensure that your filings will be approved and on the market when you need them to be.
On behalf of our clients, we can review all bulletins and circulars issued by Rating Bureaus, for all lines of business, on a daily basis. Within 24 hours of receiving a bulletin or circular, we will issue a memo to the client summarizing its contents. This summary will identify which programs are affected and assess the impact on these programs, identify any changes required, and outline any filing action that must be taken.
This service can be integrated with our state filings service. In this case, we can prepare and submit all required filings.