ISO ClaimSearch® ISO ClaimSearch® NMVTIS Reporting

ISO ClaimSearch®
NMVTIS Reporting Requirements
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NMVTIS Salvage Reporting
• Agenda
– NMVTIS Overview
– ISO Involvement
– Reporting Requirements
– Timelines
– Sample Reporting Screens
– Q &A
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NMVTIS Salvage Reporting
•
NMVTIS (National Motor Vehicle Title Information System)
was developed pursuant to Anti-Car Theft Act of 1992. The
Department of Justice assumed the responsibility for NMVTIS in 1996.
The goal is to prevent introduction or reintroduction of stolen and
salvaged vehicles into interstate commerce
commerce. Operates in many states
states.
•
In response to a court order, the NMVTIS rule is to be implemented no
later than March 31, 2009.
•
DOJ issued final NMVTIS rule on January 30,
30 2009 for
reporting of “salvage” automobiles to the American
Association of Motor Vehicle Administrators (AAMVA), the
operator for NMVTIS, for current year and previous four
model years by
– Insurers
- Junk yards
– Salvage
S
yards (includes
(
salvage pools))
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NMVTIS Salvage Reporting
•
Salvage Auto is defined in the NMVTIS rule as “an automobile
that is damaged by collision, fire, flood, accident, trespass, or
other event, to the extent that its fair salvage value plus the
cost of repairing the automobile for legal operation on public
streets,
t t roads,
d and
d highways
hi h
would
ld be
b more than
th th
the ffair
i
market value of the automobile immediately before the event
that caused the damage”.
– “Includes
“I l d allll automobiles
t
bil ffound
d tto b
be a ttotal
t l lloss under
d th
the llaws off
the applicable jurisdiction or designated as a total loss by the
insurance carrier under the terms of its policies”
•
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Automobile is defined as vehicle with four wheels
wheels, under
10,000 lbs, for road use.
NMVTIS Salvage Reporting
• ISO involvement
– ISO has worked with industry trade associations AIA and
PCI, NICB and companies, and AAMVA and DOJ.
– Working
o
g tthrough
oug the
t e Industry
dust y for
o interpretations
te p etat o s o
of
controversial data elements
– As a result of Industry discussions, NMVTIS modified rule to
include date of payment as an alternative to date of loss
loss.
– ISO ClaimSearch is a Data Consolidator, appointed by
AAMVA
– Reporting
R
ti ttotal
t l lloss automobiles
t
bil tto NMVTIS b
by iinsurers iis
available by reporting to ISO ClaimSeach via Universal
Format, either system to system or web (or combination).
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NMVTIS Salvage Reporting
•
Required fields for reporting to NMVTIS by insurers:
– VIN
– The date on which the automobile was obtained or
designated as a junk or salvage automobile
(reporting trigger is Date of Loss or Date of Payment. Date Claim
Closed in UF reporting. Reporting to AAMVA is 30 days from
date of loss, or p
payment
y
date.))
– The name of the individual or entity from whom the auto was
obtained and who possessed it when it was designated a
junk or salvage automobile (insured,
(insured claimant or other owner)
– The name of the owner of the automobile at the time of the
filing of the report with NMVTIS (insurer, or insured, claimant or
other owner if owner retained)
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NMVTIS Salvage Reporting
•
Insurers are to report total loss (salvage) automobiles
– Current model year and four previous model years
• For reporting to AAMVA ISO will use oldest model year (fifth year)
based on current calendar year (2009) and include all newer years
•
Automobiles described as 4 wheels, under 10,000 lbs
– Involved vehicle types for reporting to AAMVA:
•
•
•
•
•
PC: Passenger
g car
LT: Light Truck
TK: Truck
MP: Multi purpose vehicle (includes SUV, minivan)
Operator ID code will identify each insurer for reporting
to AAMVA
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NMVTIS Salvage Reporting
•
Required Fields for Insurer reporting to AAMVA through ISO
ClaimSearch:
–
Policy type
–
Parties to loss
• Insured
• Claimant
• Owner
•
–
D t off loss
Date
l
–
VIN
–
Coverage and loss type
–
Disposition; Total Loss
–
Payment date; field in ClaimSearch is date claim closed.
Reporting requirement applies to insurers.
–
•
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TPA reporting is under
nder the ins
insurer
rer code
Reporting to AAMVA is required 30 days from date of loss, or
payment date, once disposition field is completed
NMVTIS Salvage Reporting
•
Optional fields/ vehicles
•
•
•
•
•
•
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Vehicle make
Vehicle model
Vehicle model year
Vehicle style
Odometer reading
Vehicles other than automobiles under 10
10,000
000 lbs licensed for
road use
NMVTIS Salvage Reporting
SALVAGE REPORTING
• Owner retained salvage
– Reported by insurers
– Trigger: Total loss disposition as T
– Owner Retained Salvage indicator as Yes on UF salvage record ,
or leave buyer information blank on the web
Note:
– Current salvage reporting procedure (pre NMVTIS reporting) for
reporting after sale of salvage will not satisfy total loss reporting
((NMVTIS)
S) requirement
equ e e t
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NMVTIS Salvage Reporting
SALVAGE REPORTING
•
Salvage company (Yards and Pools)
Required Fields:
- The name, address and contact information for the reporting entity
•
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–
VIN
–
The date the automobile was obtained (defined as when vehicle enters
inventory)
–
The name of the individual or entity from whom the automobile was
obtained
–
Vehicle sold to
–
Vehicle disposition
p
((Scrap,
p, Crushed or Sold))
–
Vehicle intended for export outside US (y/n)
Reporting is required on a monthly basis. The final disposition of
the automobile can be reported as a supplemental report if not
available at the time of the filing of the initial report.
NMVTIS Salvage Reporting
• ISO ClaimSearch NMVTIS reporting:
p
g
Reporting to NMVTIS is included in ISO ClaimSearch Auto
participation agreements for insurers.
Insurers must participate in ISO ClaimSearch for NMVTIS
Salvage and Total loss reporting
– Insurers and salvage companies are assigned an Operator ID from
a range of codes from AAMVA.
– Companies continue to report APD to ISO ClaimSearch through
the Auto service via Universal Format.
• All applicable vehicles will be reported to AAMVA daily, subject
to the 30 day period from loss date, or payment date (date
claim closed).
– Vin edit applies.
• only vehicles that pass edit will be sent to AAMVA
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NMVTIS Salvage Reporting
• NMVTIS Timelines
– Comment period for rules expired November 21,2008
– Proposed rule issued September, 22, 2008
– Final
Fi l rule
l issued
i
d JJanuary 30
30, 2009
– Effective date as a result of lawsuit decision: March 31, 2009
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NMVTIS Salvage Reporting
• ISO ClaimSearch NMVTIS Process
Insurer
APD
Claim
Insurer
Updates to
Total Loss
Salvage
Pool/
Yard
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Match
Report
APD
Claim
Update To
Total Loss
AAMVA
Initial
Report
AAMVA
Final
Report
NMVTIS Salvage Reporting
– ISO ClaimSearch NMVTIS reporting:
– Insurers and salvage companies are assigned an Operator
ID from a range of codes from AAMVA.
– Companies continue to report APD to ISO ClaimSearch
through the Auto service
• All applicable vehicles will be reported to AAMVA daily, subject
to the 30 day period from loss date, or payment date.
-Vin
Vin edit applies
applies.
• only vehicles that pass edit will be sent to AAMVA
• Updates can be made and sent to AAMVA, but deletions will
add comment to record only.
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NMVTIS Salvage Reporting
• Participation in the ISO ClaimSearch
NMVTIS service:
– To p
participate,
p , complete
p
and return the
NMVTIS Authorization Form that was sent to
you via e-mail.
– For more information or if you need a form,
please e-mail claimsearchnmvtis@iso.com
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