
It sets a new annual filing deadline of February 15 for all new or revised crop hail and supplemental crop product rate and form filings, and revisions to existing filings intended for use in a calendar year, to be submitted to the South Dakota Division of Insurance via SERFF. For insurers’ filing and actuarial teams, the outlines new documentation expectations for rate filings that are based on NCIS Final Average Loss Cost (FALC), including adoption materials, five-year pure loss experience and expenses, loss cost multipliers and support, an actuarial memorandum, and proposed rates. For non-FALC rate filings, filings now similarly