Electronic Funds Transfer (EFT)
Alabama, Arkansas, Delaware, Georgia, Guam, Iowa, Maine, Massachusetts, Minnesota, Nebraska, New Hampshire, Nevada, Ohio, Oklahoma, Rhode Island, South Carolina, South Dakota, Vermont, and West Virginia require that all state filing fees be paid via EFT (Electronic Funds Transfer). Maryland has mandated EFT payments for all SERFF filings, both Life and Health and Property and Casualty.
Standard licensees are automatically licensed to utilize EFT when the SERFF Electronic License Agreement is accepted and simply need to submit Forms A, B & C in order to complete the EFT license process. The forms can be emailed to firstname.lastname@example.org.
Third-Party Filers and Rating Organizations will still need to complete the Electronic Funds Transfer and Indemnification License Agreement (see link below) and submit the paperwork with an original signature or electronic signature in order to initiate the implementation process.
The state and industry EFT Implementation Guides below provide a full explanation of the EFT process.
The required paperwork with an original signature can be emailed to: email@example.com.
Click here to find out why SERFF users are encouraged to use EFT for SERFF filings.