Writing an insurance policy requires you to manage many relationships. You need to fulfill the requirements of:
- the customer
- the department of insurance
- the department of motor vehicles (DMV)
- banks
- the U.S. Treasury's Office of Foreign Assets Control (OFAC)
- and others
Now, ISO's A-PLUSTM unit offers the Coverage VerifierSM Suite of Services — a unique collection of services that provide important underwriting and rating information and help you manage those third-party relationships.
To participate in the Coverage Verifier database, you agree to submit policy data to ISO following a uniform standard we've developed — the Coverage Verifier data contribution format. Then, you can take advantage of all these services:
Coverage VerifierSM
— provides details of current and previous coverage for homeowners and auto along with a host of other policy-level information, such as lapsed or suspended policies
CV-ALIR® subscription service— satisfies your statutory obligations to report automobile coverage to state DMVs
CV-Exchange® — helps you manage loss payee and mortgagee notifications, producer notifications, and escrow billing
CV-OFACSM — ensures your compliance with statutory obligations related to national security by checking all names against the OFAC watch list
CV Foreclosure Alert® — notifies you every time one of your insured properties enters a different state of foreclosure
Find out more
To find out how the Coverage Verifier Suite of Services can help you, simply ask your A-PLUSTM sales representative. Or call A-PLUS at 1-800-856-7730.
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