The Regulatory Administration Platform for Insurance Data (RAPID) is the web portal used by stamping offices and regulators to review, manage, and audit surplus lines policy data submitted by agents.
Access for staff to review, analyze, and audit policy and premium data submitted by agents, policyholders, and insurers
Create user accounts for staff and manage their level of access to the system
Search and review transactions submitted by agents and insurers
System identified transactions submitted by agents or policyholders that do not meet one or more of the state-specified business rules
Manage tax, fee, and assessment schedules, including applicable lines of coverage
Manage agent, agency, and insurer data; assign credentials for agents and insurers to access SLIP
Send agents and insurers important messages or documents to their SLIP Inbox; email notifications also available
Access to numerous reports including transaction data, premium data, invoicing, affidavits, late filings, and lines of coverage
System can integrate with a variety of accounting software packages to streamline the invoicing and payment processes
Module in RAPID allowing the periodic, scheduled review of all licensees to ensure regulatory and financial compliance
Module in RAPID that systematically compares agent/policyholder and insurer data and identifies variances in the premiums reported
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