Address Changes For Policy Forms
If an address change for accident and health insurance products also affects life insurance and annuity products, a separate policy form filing to effectuate such change must be made with the Life Bureau (Albany office).
For New Business: An informational filing, advising of the new Home Office address and its effective date, must be submitted to the Health Bureau (Albany office) with the SERFF filing type of Filed for Reference. The filing must include a listing of all previously approved policy forms that will be affected by the change, including a brief description of the type of form, the form number, and the state tracking number.
For Existing Business: An endorsement setting forth the new address must be submitted to the Health Bureau (Albany Office) for approval with the SERFF filing type of Normal Pre-Approval. If the endorsement is approved, the issuer must send the endorsement to all in-force policyholders, contract holders, and certificate holders. The submission letter must state that all policy forms will be amended by the endorsement. It is not necessary to include a listing of all affected policy forms.
Best Practice – Make Addresses Variable: When submitting forms for review in the first instance, an address may be bracketed and included as variable material. If a company address is variable, when the issuer’s address changes, the only document that must be submitted is an updated explanation of variability, which may be submitted with the SERFF filing type of Filed for Reference.