CARFRA

AcronymDefinition
CARFRACoordinated Advertising Rate and Form Review Authority (National Association of Insurance Commissioners)
References in periodicals archive ?
Ferguson describes the current state of CARFRA as an important first step toward improvement to the product-approval process, because now when a company files a product with CARFRA it still must match the standards to state regulations.
CARFRA, which has been rolled out in 10 states, provides a multistatefiling approval process.
A filing with CARFRA is considered a filing with each of the participating states.
Even if a product receives CARFRA approval, an insurer may have to change the product and submit it again in some states to meet specific statutory requirements.