Kentucky Launches New Auto Insurance Verification System for Compliance

The Kentucky Transportation Cabinet, in collaboration with the Department of Insurance, has launched a cutting-edge auto insurance verification system. Set to require integration by January 15th, this initiative targets improved compliance and real-time access to insurance data for better risk management. The move aims to enhance identification of uninsured vehicles across the state.

The Kentucky Insurance Verification System empowers state agencies with access to current auto insurance information, marking a significant shift towards regulatory compliance. According to a Department of Insurance bulletin, carriers with over 1,000 registered vehicles must connect their verification systems and business records to this new state platform by the upcoming year. Registration, testing, and product integration processes for insurers are currently underway.

Although not obligatory for commercial vehicle data submissions, the Department recommends insurers participate voluntarily. Fleet policy data needn't include vehicle identification numbers, streamlining the reporting process. Insurers must adhere to the secure file transfer protocol specified in the bulletin, ensuring carrier data integrity within the new system. As the previous Automobile Liability Insurance system phases out, a detailed guide outlines the new compliance requirements.