SERFF Liberation ^⁠4%

5/1/2009, 12:00:00 AM

Topics: Serff, Rate Filing, Form Filing, Naic

Keywords: Cei Original Content, Cei, Insurance

BS Summary: This article contains 12 faulty reasoning types, including Negativity Bias, Framing Effect, and Appeal to Authority, with Status Quo Bias as the most egregious example at 10.4% saturation with 21 hits. Analysis detected 135 faulty-reasoning hits from 201 analyzed words, generating a BS Score of 16.9% and a BS Rank of ⁠4% (21,157 of 21,887 articles). This article is better (less manipulative) than 96.70% of the article peer group.

Confidence50%

underlinesheatmap

201 words

The property and casualty insurance

policies that most Americans buy depend on a system by which insurers

file rates—the fees they charge for insurance policies—and forms—the

language and forms insurers use to describe those policies to

consumers.

All 50 states and the District of Columbia have separate

laws concerning these rates and forms.

Increasingly, these rates and

forms flow through a computer program called the System for Electronic

Rate and Form Filing (SERFF), which is owned and operated by the

National Association of Insurance Commissioners (NAIC).

Nineteen states

require that all filings go through SERFF.

The

paper explains the System for Electronic Rate and Form Filing’s

structure and raises questions regarding its usefulness.

The paper’s

first section provides a broad overview of the “admitted” or “standard”

insurance market, and describes why rate and form filing are essential

to its continuation in its current form.

The second section describes

the history and function of SERFF.

The third section discusses three major problems with SERFF.

The fourth and final section proposes a series of solutions that would solve these problems.

SERFF,

as it currently exists, raises serious practical, equity, and legal

questions—particularly relating to the delegation of taxing

authority—and needs reform.

201 words analyzed.

Speakers

1speaker5.5%attributed speech190writer words

11 attributed words100% of attributed speech33% writer coverage

No manipulation-pattern hits were found in this speaker's attributed words or the writer's voice.

Attribution is sentence-level. Pattern percentages are calculated only from words assigned to that voice.

Loading…

Analysis

Hover over highlighted words in the article to view the associated bias or fallacy analysis.

SERFF Liberation ^⁠4%

Speakers

National Association of Insurance Commissioners (NAIC)

Analysis

Biases

Fallacies

SERFF Liberation ⁠4%

Speakers

National Association of Insurance Commissioners (NAIC)

Analysis

Biases

Fallacies

SERFF Liberation ^⁠4%