Naperville, IL , April 5, 2011 – Instec, a leading provider of software and services to the Commercial Property and Casualty insurance industry, announced support for ISO’s revision to the Commercial Property Multistate Rules to support the introduction of Limit of Insurance Relatives. While the effective date was January, 1, 2011, Intec delivered support for these revisions on September 1, 2010—a full 90 days ahead of the effective date.
Instec has also released support for ISO’s Green Upgrade Coverage, which addresses the growing trend in building design, construction and operation to maximize energy efficiency and minimize negative impacts on the environment. Instec released support for the Green Upgrade Coverage in early 2011.
“Delivering individual and multi-state rate, rule, form and stat revisions well-ahead of the effective date is how we run our business,” said Kevin Mason, VP of Product Development and Maintenance for Instec. “We are steadfast and reliable in delivering over 3,000 revisions annually, months ahead of the effective date, so our clients can better leverage bureau content and have more confidence in their compliance,” Kevin concludes.
Instec is a leading provider of software and services to the Commercial Property and Casualty insurance industry. Founded in 1982, Instec’s flagship product, quicksolver, is a best-of-breed rating and policy administration solution that supports the full lifecycle for all major lines of business, in all 50 states, and with native bureau rate, rules, forms, and statistical content. As a Microsoft Gold Certified Partner, Instec delivers insurance software solutions that enable our clients to drive competitive advantages in rating, issuing, and reporting to maximize profitability. For more information, visit www.instec-corp.com.