The Annual Verification program gives customers the ability to compare and reconcile their calendar year statistically reported data with financial information from their company's Annual statement (Statutory Page 14). Customers are asked to reconcile all differences that exceed the 1% and $5,000 tolerance level.
The Annual Verification program for Countrywide, SDMS, and Texas data is delivered through a user-friendly web application on ISOnet
This online application give you access to:
- your individualized Annual Verification report
- tools to help you complete the reconciliation
- ability to directly submit your reconciliation response
To access the application, please see link below.
Verification responses will continue to use the ISOnet Annual Verification Web Application.
Please anticipate receiving an email between July 15 and July 31 regarding the availability of the AV data. If you have not received notification by July 31, please contact Nicolette Plummer Smith or Devani Whitehead.
Submit your response using the ISOnet Annual Verification application on or before:
- September 15, 2017 — SDMS
- October 15, 2017 — Texas
- December 15, 2017 — Countrywide
Nicolette Plummer Smith
ISO only requires customers to reconcile data annually. However, to maintain effective control of the data reported to ISO, ISO recommends that you perform more periodic reconciliations of financial data to premium, paid loss, and outstanding loss amounts. For the Annual Verification program we exclude all states and lines where ISO is not an appointed statistical agent for the accounting/calendar year.