Coverage Verification Forms

Mar 17, 2005
Contributor: Edwina Vento

CCH INSURANCE SERVICES Announces Release of the AuthenticWeb Automobile Coverage Verification Forms Matrix

New AuthenticWeb Matrix helps ensure proper application of requirements to help protect consumer

CCH INSURANCE SERVICES, a Wolters Kluwer company, announced today that it has released a new AuthenticWeb(TM) Matrix focused on automobile insurance coverage verification form requirements. CCH INSURANCE SERVICES is the nation's leading provider of information solutions for insurance compliance professionals.

Noncompliant automobile insurance coverage verification forms have a direct negative impact on insured individuals. In states where automobile insurance coverage is mandatory, failure to produce an insurance ID card compliant with state regulations can lead to unnecessary headaches for the consumer. These can include having their vehicle towed, the possibility of arrest, and the inability to use fleet vehicles.

With varying and often confusing requirements from state-to-state, researching the needed information to produce a compliant insurance ID card can be tedious and time consuming -- leaving insurers to wonder if they have missed something.

"With so much at stake, insurers must have information that is accurate, complete, and timely," Dan Grey, national product manager for CCH INSURANCE SERVICES, said. "CCH INSURANCE SERVICES' compliance experts do all of the tedious research, analyze the requirements, and summarize what is needed. Our Matrices not only save insurers valuable time and improve productivity, they help them know and understand everything they need to in order to protect their insured customers."

AuthenticWeb Matrices provide quick and easy-to-use 50-state charts on a specific compliance issue. The Matrices save compliance professionals valuable research time by providing an analysis and summary of the requirements in an easy and efficient chart format. This newest Matrix allows insurers to quickly access critical regulatory information needed to produce compliant automobile coverage verification forms, including what information is required to be on the form, electronic reporting and filing requirements, state-specific variations, and fleet requirements.

AuthenticWeb Matrices improve productivity and reduce costs in functional areas by reducing the amount of time staff spends researching requirements affecting daily operations. Matrices are offered over the Internet and are updated monthly to ensure current regulatory information. AuthenticWeb Matrices are available in a variety of subscription options-single Matrix; package or entire set; and single, multiple, or all states and lines of business.

For more information relating to "Coverage Verification Forms ", please visit our auto insurance Coverage Verification Forms page.

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