Idaho Transportation Department to Develop Online Insurance Verification SystemBy Lacy Berthold | March 5, 2015
The Idaho Transportation Department (ITD) is developing an Online Insurance Verification System (OIVS). Insurers that write personal auto insurance policies in the state will be required to participate in the new system. Commercial policies, implements of husbandry, and golf carts will be excluded.
The OIVS will use the standards set forth by the Insurance Industry Committee on Motor Vehicle Administration (IICMVA). In addition, insurers will be required to submit a monthly book of business file.
ITD plans to release a user guide early this month and have all insurers set up under the new system by the end of May. If you have any questions, please contact me at LMuntean@verisk.com.