Ensuring Auto Claim Compliance
The insurance industry witnessed a high level of legislation last year, including major activity associated with auto-claims. Several countries changes in areas such as information and processes required a total loss, fraud warnings on claim forms and limits of liability disclosures. As a result, cars are required to claim insurance system changes to implement new or revised forms and process steps to take in order to continue meeting. If you assess your organization comply with changes that have occurred in the past year, may be useful to break down some of the most remarkable claim activity by topic.
A total loss of perspective, Oregon achieved a remarkable progress by adding the total loss of transparency of process. With a background of a high level of consumer complaints regarding motor vehicle total loss settlements, the Oregon Insurance Division interested in providing increased levels of clarity, transparency and structure of this aspect of the claim process. Which insurers must provide the insured or third party claimant to choose to make a cash settlement. This communication defines a total loss, provides information on consumer choices, provides information about determining the value of the vehicle and the insurance claim payment, and indicates not only what actions the consumer to dispute to communicate with the insurer, but also how contact the department for assistance.