Welcome to the
Office of Insurance Regulation
Multi-State Review Program
Tel. (850) 413 - 3140
The Multi-State Review Program (MSRP) offers companies the opportunity to submit an individual,
online annuity filing simultaneously to seven states. Florida, Texas and California established the
MSRP in 2003 via a Memorandum
of Understanding and to date, Nevada, Georgia, Louisiana, and the District of Columbia have joined.
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.
Click
here 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. Both presentations are set to advance
automatically, so once you start them, they progress without having to click to advance to the next
slide.
For more information, please contact Florida’s MSRP Coordinator, Deputy Commissioner Mary Beth
Senkewicz, at MaryBeth.Senkewicz@floir.com or call 850-413-3140.