Louisiana and South Carolina have joined the Interstate Insurance Product Regulation Compact, Interstate Insurance Product Regulation Commission officials announced Monday.
The additions mean that the IIPRC, Washington, now represents 33 states and similar types of jurisdictions.
The IIPRC is working to create a single office that insurers can use to file forms for life insurance, disability insurance and long term care insurance products and forms.
The IIPRC also is creating a central filing point for annuity products and forms.
IIPRC member jurisdictions now account for about 54% of U.S. insurance premium volume, officials estimate.
The IIPRC accepts product filings through the System for Electronic Rate and Form Filing, and it works to get filings reviewed and approved for use in all compacting states within 60 days after submission, officials say.