State Based Systems (SBS) is a robust Web
application that automates and streamlines state insurance department
regulatory processes. SBS is designed to assist with the full life cycle
of insurance regulatory activity, including licensing,
consumer services, product approvals, revenue management and a host of
other activities. SBS ensures efficient and accurate processing through
a fully integrated system.
SBS facilitates the management, processing, and storage of insurance data and payment processing via a Web-based system.
SBS is certified to meet ongoing NAIC national initiatives in all supported areas, such as producer, company, complaints (CDS) reporting, and regulatory actions (RIRS) reporting.
SBS reduces development and maintenance costs for each state by sharing the expense burden across states.
SBS diminishes labor costs through automation of license submissions and approvals, correspondence, complaint processing, and more.
SBS integrates both internal “back-office” and external “customer-initiated” processing into a single, user-focused interface.
SBS provides for the seamless data exchange with all NAIC and NIPR systems and initiatives.
SBS allows for the effortless generation and storage of flexible, user-defined reports.
