1. 1. By March 1, 2001, all licensed insurance companies in this state shall provide to the designated agent a record of all policies in effect on the date the information is provided. Before the seventh working date of each calendar month, each insurer that issues a policy pursuant to this chapter shall provide to the designated agent a record of each policy issued, canceled, terminated, suspended or revoked during the immediately preceding month. This subsection shall not prohibit more frequent reporting.

2. 2. The record pursuant to subsection 1 of this section shall include the following:

   1. (1) The name, date of birth, driver's license number and address of each insured owner and operator;
   2. (2) The make, year and vehicle identification number of each insured motor vehicle;
   3. (3) The policy number, effective date and expiration date of the policy.
3. 3. The department of revenue shall notify the department of insurance of any insurer who violates any provisions of this act*. The department of insurance may, against any insurer who fails to comply with this section, assess a fine not greater than one thousand dollars per day of noncompliance. The department of revenue may assess a fine not greater than one thousand dollars per day against the designated agent for failure to complete the project by the dates designated in sections 303.400 to 303.415. The department of insurance shall excuse the fine if an assessed insurer provides acceptable proof that such insurer's noncompliance was inadvertent, accidental or the result of excusable neglect.

(L. 1999 S.B. 19 § 5)

Conflicting effective dates of 1-1-01 and 7-1-01, see § 303.415

Expires when, see § 303.415

* "This act" (S.B. 19, 1999) contains numerous sections. Consult Disposition of Sections table for definitive listing.