Multi-State Review Program
The Multi-State Review Program (MSRP) offers companies the opportunity to
submit an individual, online annuity filing simultaneously to five states.
Florida, Texas and California established the MSRP in 2003 via a
Memorandum of Understanding. Nevada and Georgia have also joined the MSRP.
Annuity filers use Florida's online I-File system to submit filings, which are
subject to the combined annuity review standards of Florida, Texas, and California
while providing companies a simultaneous product approval in all participating states
Participating insurers see a noticeable increase in their product's speed to market and a
reduction in administrative costs. Each paperless submission offers insurers the opportunity
to obtain approval in 60 days or less and reach over one-quarter of the country's annuities
market. Company participation in the MSRP is free (although some existing participating state
filing fees may apply) and only requires an Internet connection.
to watch a brief PowerPoint overview of the MSRP and how it benefits
states. Or, click
here to see a brief PowerPoint overview of the MSRP and how
it benefits annuity insurers.
For more information, please contact Florida's MSRP Coordinator,
James Walker at
James.Walker@floir.com or call 850-661-9017.