Regulatory Administration
Platform of Insurance Data

The Regulatory Administration Platform of Insurance Data (RAPID) is the management system for surplus lines offices. It provides your staff with the ability to review all policy information submitted through SLIP, create reports on current, monthly, and historical data, perform a variety of analysis and auditing functions, and manage the collection of the appropriate taxes and fees. Its automated functions significantly decrease the need for manual, repetitive reviews, and its analysis and monitoring tools help you to enforce compliance and eliminate unearned credits or refunds.

RAPID is scalable, and like SLIP, configurable to accommodate your state’s specific regulatory rules and processes. RAPID allows you to:

• Review and assess all policy information submitted through SLIP.
• Calculate policy taxes, fees, and other assessments.
• Modify tax, fee, and other assessment rates.
• Analyze and compare submitted policy data.
• Create thorough auditing processes.
• Automatically identify, monitor, and review questionable transactions.
• Ensure reporting of policies and collection of appropriate fees and taxes.
• Monitor the state surplus lines market.
• Manage staff workload by assigning tasks.

See an overview of how SLIP and RAPID work together.