Nevada adds book-of-business file to insurer reporting requirementsBy Robbie Sells | February 28, 2013
Starting this year, the State of Nevada Department of Motor Vehicles now requires a monthly book-of-business file as part of its LIVE (liability insurance validation electronically) program.
The Department of Motor Vehicles implemented LIVE in 2010, allowing the DMV and insurers to exchange policy information electronically. Now, Nevada auto insurers must submit their full books of business each month to the state DMV.
CV-ALIR will send book-of-business files on the 6th of each month. No additional action is required of any current Coverage Verifier contributors who subscribe to the CV-ALIR service.
Verisk Insurance Solutions – Underwriting offers CV-ALIR®, from the Coverage VerifierSM Suite of Services, to help insurers satisfy reporting obligations to state departments of motor vehicles.
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