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Like many insurers, Rock Island, Ill.-based Bituminous Insurance Companies witnessed a gradual increase in the risks of noncompliance as state regulators introduced new and more complex filing procedures. The states have taken steps to speed up the regulatory process, but in doing so, they've put more of the burden back on the industry through the use of checklists and self-certifications. To help meet this challenge, Bituminous uses Oracle Insurance Compliance Forms Tracker, a complete application for managing state filings end-to-end, from research and preparation to submission.
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