New York’s Insurance Department and Department of Motor Vehicles are teaming up to locate insurance companies which provide incomplete information to the Insurance Information and Enforcement System.
According to a report in the Times Union, the DMV estimates between 200,000 and 700,000 insured drivers are not listed. This can sometimes result in a ticket or stiffer fines when police stop such drivers, who are then checked out by scanning the system to verify if they are legally insured.
A spokesperson for the Insurance Department notes that officials are identifying insurance companies which are not complying with a requirement to provide the necessary information. Incomplete, inaccurate or even no information has been provided in a number of cases.
Letters will go out to insurers to alert them to the problem, with warnings of impending fines if the correct steps to solve the problem are not followed.
.
Topics New York
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
