A.M. Best Changes SRQ Filing Process

Submitted by Cynthia Braman on Thu, 03/02/2017 - 2:45pm

Printer-friendly versionPrinter-friendly version

By Seth Kernodle, Booke Instructor

Hands on computerA.M. Best announced a new web-based client rating portal in January 2017. This new portal allows companies to file financial statements and the Supplemental Rating Questionnaire (SRQ) electronically.  The new portal will replace the desktop application and will be more interactive for filers.

Companies should have already received notification from A.M. Best of this new process in order to set up access to the portal.  It is expected that A.M. Best will release the SRQ on or before March 15, 2017.

Because of the changes the SRQ deadline for this year has been pushed back to April 30, 2017.  For companies that have an alternative fiscal year end reporting date different from December 31, 2016, the requested completion date will be 10 weeks following the rated entity‚Äôs fiscal year end close.

More information about this new process can be found at https://www3.ambest.com/InternetRegister/sGeneralInfo/general.asp

Ask a question or comment about this post

Interested in following this blog?

Sign up for our email list or follow us on Twitter or LinkedIn for the latest posts.