(b)

1. (1) Any insurance company required to report must provide to the division a record of each motor vehicle insurance policy issued or canceled by their company as of the previous month.

2. (2)

   1. (A) All reports shall be provided to the division through any means of electronic or electromagnetic medium available to and approved by the department.
   2. (B) Any insurance company determined by the division to be a small or low volume insurance company shall be excluded from the electronic reporting requirement but shall report in another method approved by the department.

3. (3) All reports shall include:

   1. (A) The name and address of the insured operator;
   2. (B) The make, year, and vehicle identification number of each insured vehicle; and
   3. (C) The policy number, effective date, or cancellation date of each policy.

4. (4)

   1. (A) All reports must have an accuracy rate of at least seventy-six percent (76%).
   2. (B) Upon receipt of a report from an insurance company having a twenty-five percent (25%) or more error rate, the division shall notify the insurance company in writing of the reporting problem.
   3. (C) If the department receives reports from a company for two (2) consecutive reporting periods having a twenty-five percent (25%) or more error rate, a penalty may be assessed by the department.
   4. (D)

(i) “Error” means a record which is returned with one (1) or more error code fields containing an error code as listed on page 34 of Exhibit A to this part, except for error code “RD” (record duplicates).

1. (ii) Errors may be the result of incorrect or missing information, or may be technical field edit errors as listed on pages 19-23 of Exhibit A.

   1. (E) The contents of the Insurance Verification and Notification Network Procedure Manual, Exhibit A, to this part are incorporated verbatim into this part.