NAIC Announcement: OPTins Introduces 5-Day Hold on Large ACH Payments Over $1M – No Action Required for Filers

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US| The National Association of Insurance Commissioners (NAIC) announces that OPTins has implemented a filing amount limit so that any OPTins transaction over $1 million is now subject to a 5-business-day hold before the filing and/or payment is released, to reduce NAIC financial risk. No action is required from recipients; existing company-specific filing limits remain unchanged, and affected filings will simply show both a Date Submitted and Date Processed reflecting the hold period.

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  • Bulletin
  • USA
  • National Association of Insurance Commissioners

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