There are two different payment types available in OPTins; ACH debit and ACH credit.
ACH debit is the same process that thousands of insurance companies use to pay rate and form filing fees to states via SERFF (System for Electronic Rate and Form Filing). It is a seamless process whereby the company initiates payment of fee and taxes via the OPTins interface. The filing is sent directly to the state at submission.
ACH credit allows the company to push the tax amount and transaction fee from the company’s own banking interface. This option is dependent upon the filer initiating a payment in their own banking system instead of in OPTins. This option has a bit of a learning curve because the filer must use OPTins and the company’s banking interface to initiate the payment but the NAIC provides a supplemental guide to assist filers in the process. Once the funds are received in the NAIC account, both the payment and the tax filing are submitted to the state.