GANTT Chart

The data in this table is a visual representation of the timeframes outlined in the Service Level Objective ("SLO"). The table illustrates the number of days it takes the Insurance Department to perform certain administrative and regulatory procedures associated with the review and approval of NAIC UCAA Expansion Applications.

The Insurance Department's goal is to complete its review of the Expansion Application between 45 and 60 business days following receipt of a complete application. Hence, the corresponding 1 to 60-business day range in the chart.

The Expansion Application review process consists of the following steps, listed below, including relevant timelines:

  1. Within the first five (5) days of filing the NAIC UCAA expansion application, CID will:
    1. Assign the company to a Licensing Analyst.
    2. Within the first ten (10) days of filing the NAIC UCAA expansion application, the assigned Licensing Analyst will:
    3. Review the application for completeness.
    4. Send a letter to the company acknowledging receipt of the filing and listing any outstanding items that may not have been included in the initial filing.
    5. Perform a Preliminary Analysis to determine the risk profile of the company from a financial and operational perspective.
  2. A financial and operational review of the application will begin within five (5) days after the filing has been determined to be complete. This process is expected to take between 25 and 40 days, depending on the risk profile and complexity of the company.
  3. A peer review and supervisory review will be completed within ten (10) days of the completion of the financial and operational review.
  4. Notification of CID’s decision of approval or denial will be issued immediately after final supervisory review.

NOTE: Based on the circumstances of a particular application, it may be necessary for the CID to request additional information. Please be advised that anytime the CID requests additional information, the CID suspends the 45 to 60-business day review goal until the requested information is provided by the Applicant. Once provided, review resumes.