We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byArianna Grills
Modified over 2 years ago
© 2008 National Association of Insurance Commissioners SERFF Marketing 816.783.8787 email@example.com The Check Is Not In The Mail
© 2008 National Association of Insurance Commissioners W hat is EFT? Electronic Funds TransferElectronic Funds Transfer Encompasses several technologiesEncompasses several technologies Provides for electronic payments and collectionsProvides for electronic payments and collections
© 2008 National Association of Insurance Commissioners Overview of ACH Process ACH/CTX Central database of EFT transactionsCentral database of EFT transactions Daily batchDaily batch Company to NAIC (pull), NAIC to State (push)Company to NAIC (pull), NAIC to State (push)
© 2008 National Association of Insurance Commissioners Filing created and fee information completed Filing created and fee information completed Daily batch sent to bank The ACH Process SERFF shows EFT transaction successful Simultaneous Industry debit and State credit Filing submitted; EFT data transmitted EFT Report available in SERFF Transactions appear on bank statement after bank processes are complete State/Industry Treasury & Accounting Depts can reconcile bank statement SERFF Server CECI Server EFT data saved in CTX file
© 2008 National Association of Insurance Commissioners The EFT Process in SERFF Filing created and fee information completed Filing created and fee information completed SERFF Confirms Filing & EFT Transaction Successful Filing Submitted; EFT Data Transmitted Funds go through the banking process State/Industry Treasury & Accounting Depts can reconcile bank statement and notify rate/form administration SERFF Server Review process begins Rate/form administration can notify reviewers/filers that funds were rec’d State receives filing in SERFF SERFF provides EFT Report
© 2008 National Association of Insurance Commissioners The filing will be eligible for EFT only if both the insurance company and the State has enabled EFT.
© 2008 National Association of Insurance Commissioners The filing will not be eligible for EFT if a company or state is not enabled for EFT.
© 2008 National Association of Insurance Commissioners Submitted EFT filings will include the Date and Time Processed and Transaction Number.
© 2008 National Association of Insurance Commissioners EFT Report Link
© 2008 National Association of Insurance Commissioners EFT Reports Report Menu
© 2008 National Association of Insurance Commissioners Detail Report
© 2008 National Association of Insurance Commissioners Summary Report
© 2008 National Association of Insurance Commissioners EFT Today Released December 13, 2002Released December 13, 2002 Over 90,000 EFT filings processedOver 90,000 EFT filings processed 22 out of 31 states that charge fees have implemented full EFT capabilities22 out of 31 states that charge fees have implemented full EFT capabilities Over 1800 companies are using EFTOver 1800 companies are using EFT
© 2008 National Association of Insurance Commissioners State EFT Users AlabamaAlaskaArkansasConnecticutDelawareGeorgia Tennessee Vermont West Virginia South Dakota North Dakota OklahomaPennsylvania New Hampshire Iowa Rhode Island Louisiana Maine Maryland Minnesota Nebraska Nevada Kentucky
© 2008 National Association of Insurance Commissioners Industry EFT Users Third Party Filers Rating/Advisory Organizations Groups of Companies Single Companies
© 2008 National Association of Insurance Commissioners EFT Implementation Process Paperwork www.serff.com/initiatives/serff_eft.htm Internal Procedures Testing EFT Enabled
© 2008 National Association of Insurance Commissioners Overcoming Barriers Not enough companies are using EFT. We don’t have the resources. Is there a fee to use EFT? Cannot allow bank account credits. Our state cannot track funds for each state office.
© 2008 National Association of Insurance Commissioners SERFF Marketing 816.783.8787 firstname.lastname@example.org Questions? or Comments?
1. AFL-CIO What percentage of the funds received by Alabama K-12 public schools in school year was provided by the state of Alabama? a)44% b)53%
US MAP TEST Practice
Map Review. California Kentucky Alabama.
CHAPTER 7 FILINGS IN MAINE CALENDAR YEARS 1999 – 2009 CALENDAR YEAR CHAPTER 7 FILINGS This chart shows total case filings in Maine for calendar years 1999.
U.S. Civil War Map On a current map of the U.S. identify and label the Union States, the Confederate States, and U.S. territories. Create a map key and.
1 of (F)DEC2015 IMCOM integrates and delivers base support to enable readiness for a self-reliant and globally-responsive All Volunteer Army WE.
BINARY CODING. Alabama Arizona California Connecticut Florida Hawaii Illinois Iowa Kentucky Maine Massachusetts Minnesota Missouri 0 Nebraska New Hampshire.
TOTAL CASE FILINGS - MAINE CALENDAR YEARS 1999 – 2009 CALENDAR YEAR Total Filings This chart shows total case filings in Maine for calendar years 1999.
Directions: Label Texas, Arkansas, Louisiana, Mississippi, Tennessee, Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia--- then color.
The West` Washington Idaho 1 Montana Oregon California 3 4 Nevada Utah
This chart compares the percentage of cases filed in Maine under chapter 13 with the national average between 1999 and As a percent of total filings,
Welcome to the Streamlined Sales Tax Registration System (SSTR). Certified Tax Solutions Effective June 1, 2006 Effective June 1, 2006 a new and important.
Hawaii Alaska (not to scale) Alaska GeoCurrents Customizable Base Map text.
Online Registration and Payment Applications for Kentucky Extension.
TOTAL CASES FILED IN MAINE PER 1,000 POPULATION CALENDAR YEARS FILINGS PER 1,000 POPULATION This chart shows bankruptcy filings relative to.
Hwy Ops Div1 THE GREAT KAHUNA AWARD !!! TEA 2004 CONFERENCE, MOBILE, AL OCTOBER 09-11, 2004 OFFICE OF PROGRAM ADMINISTRATION HIPA-30.
Study Cards The East (12) Study Cards The East (12) New Hampshire New York Massachusetts Delaware Connecticut New Jersey Rhode Island Rhode Island Maryland.
5 Year Total LIHEAP Block Grant Allotment (FY ) While LIHEAP is intended to assist low-income families with their year-round home energy needs,
Chapter 10 Banking.
U.S. Copyright Office/Licensing Division1 To follow this demo, click the right arrow in the lower left hand corner to move ahead and the left arrow to.
2003 National Council on Compensation Insurance, Inc. 1 Workers Compensation Residual Market Overview Cliff Merritt NCCI Residual Markets Helena, Montana.
Payment Options Water/Sewer Bills City of Fernley | October 2007.
Section 2Reconciling the Bank Account What You’ll Learn Why a business reconciles a bank statement. How to journalize and post entries relating to.
Becky Baumann Commercial Services Group. Contractual agreement Solid documentation Different type of obligation.
Chart 6. 12: Impact of Community Hospitals on U. S
By Carol Fahringer. I.The United States: Divided Into 8 Different Political Regions.
1st Hour2nd Hour3rd Hour Day #1 Day #2 Day #3 Day #4 Day #5 Day #2 Day #3 Day #4 Day #5.
Farm Service Agency Lender’s training for Electronic Submission of Guarantee Fees Implementation Date: September 23, 2009.
Healthcare Payment & Remittance Medical Banking - Best Practices
CHAPTER © 2013 The McGraw-Hill Companies, Inc. All rights reserved. 8 Posting Payments and Creating Patient Statements.
Chart 6.1: National Health Expenditures as a Percentage of Gross Domestic Product and Breakdown of National Health Expenditures, 2011 Source: Centers.
The United States.
The Economic Contribution of Hospitals CHAPTER 6.
Can you locate all 50 states? Grade 4 Mrs. Kuntz.
PARTISAN CONTROL AND STATE DECISIONS ABOUT OBAMACARE FULL GO STATES (n = 22) Arkansas Michigan CALIFORNIA MINNESOTA COLORADO NEVADA CONNECTICUT New Hampshire.
The Healthcare Cost and Utilization Project (HCUP) Overview Agency for Healthcare Research and Quality APHA CEI Session November 2006.
Types of transactions. What is it? An electronic payment is any kind of non-cash payment that doesn't involve a paper check. Methods include credit cars,
Prepared by Johnny Howard © 2015 South-Western, a part of Cengage Learning.
Banking Services 7.3 Balance your checkbook. Goals: ◦Identify information that is provided on a checking account statement. ◦Explain how to reconcile.
CHAPTER 11 FILINGS IN MAINE CALENDAR YEARS CALENDAR YEAR CHAPTER 11 FILINGS This chart shows chapter 11 case filings in Maine for calendar.
September 24, Project Update ◦ SPF Decision Guide ◦ SPF ‘How to’ Guide SPF Clearinghouse Con-ops New FHWA COTM Annual meeting.
Creating Wealth From Home Submitting New Business Distributors Training Guide TM.
Trends in Number of High School Graduates: National
Bank Brokerage Multinational companies have limited choices in selecting a bank when they enter a foreign market. Blades International, Inc. assists in.
House Committee on Business and Industry House Bill Implementation of Closed Account Notification System Texas Department of Banking April 22, 2008.
Copyright © 2005 EFT Network, Inc. All Rights Reserved. Automated Recurring Payments Flexible Payment Solution.
Judicial Circuits. If You Live In This State This Is Your Judicial Circuit Alabama11th Circuit Alaska 9th Circuit Arkansas 8th Circuit Arizona 9th Circuit.
The United States is a system that can be broken into 5 major parts or regions.
Checks, Deposits, Registers, and Reconciliations.
Banking Services 7.3 Reconcile your checkbook. 7.3 Balance your checkbook Goals: ◦Identify information that is provided on a checking account statement.
© 2017 SlidePlayer.com Inc. All rights reserved.