Another state looking to bridge the gap between legally insured drivers and illegally uninsured motorists is Nevada. Nevada LIVE is an online program used to single out registered vehicles that fail to possess the necessary minimum liability insurance requirements set by the state. The Nevada Division of Insurance and the Department of Motor Vehicles works together to accomplish LIVE goals.
Nevada car insurance minimums are fairly standard. Policies must have at least $15,000 in injury per person for each accident, $30,000 for each accident and $10,000 for property damages. Nevada doesn’t require drivers to purchase additional uninsured or underinsured coverage. Motorists must be able to provide proof of insurance at all times.
LIVE works because the state’s car insurance companies are required to report to the Department of Motor Vehicles who has legitimate and current auto insurance policies. The DMV can then take that information and match it up to their vehicle registration database.
Once vehicles are found that do not appear to have an auto insurance match, the verification process starts. Owners are contacted and required to respond with proof of insurance within twenty days. If the deadline is not met, drivers risk having their registration suspended. Owners will then either have to give up their plates or reinstate their vehicle registration after adequate insurance has been purchased.
Moving online to the LIVE program is an effort to increase timeliness and efficiency. Prior to the implementation of this program, the information from car insurance companies was transmitted via data cartridges and tapes.
Not only does it improve processes, LIVE allows drivers to do a variety of tasks including check on the registration status of a vehicle, update insurance information, respond to verification requests, and look up companies licensed in Nevada to sell car insurance.
Not all car insurance companies in Nevada were capable of submitting policy information securely over the web. So, the state divided companies into three categories: auto insurance businesses capable of submitting information over the web, businesses without online capability that insure more than 500 vehicles in the state, and businesses without online capability that insure less than 500 vehicles in the state.
Since the move was meant to be all encompassing, the state notified non-compliant companies, those without web capabilities, that they would be required to get up to speed and submit information over the Internet by the first of December, 2011.
The program is still new by looks promising. Nevada is one of many states either already using the web to share information or looking to do it in the near future.