Coverage VerifierUnderwriting

Make better risk selection decisions with Coverage VerifierSM Underwriting Reports

Has a policy expired? Is there a gap in coverage? Are there teenage drivers in the household? What coverages have been in force and for how long? Those are the types of questions that can potentially raise red flags for underwriters. Coverage VerifierSM can answer those questions and more — with the detail you need — like no other system on the market.

Insurance underwriting is all about the quality of information — completeness, timeliness, and accuracy. The more policy-level information you have, the better you can rate and price risk. And with auto insurance, numerous variables go into the underwriting decision. Coverage Verifier Underwriting Reports include many of the key criteria that underwriters use when making decisions. The reports give you a detailed transactional history of your applicants’ current and previous policies for the past five years — information you need to verify coverage statements.

You’ll know when your potential insured added drivers or vehicles, had a lapse in coverage, canceled coverage, or changed insurers. And you’ll get a look at factors

— such as policyholder age, residency and garaging addresses, and type of vehicle — that influence whether you should underwrite the policy and, if so, how you should set premiums.

Our comprehensive reports help you make risk selection decisions, confirm pricing tiers and discounts, and increase productivity. And when you get our reports at the point of sale, you’ll reduce processing time, improve customer service, and increase sales-close ratios.

Improve your auto underwriting with the most complete history of risk available in the industry.

The reports

The Coverage Verifier database is the engine behind the reports. Insurers submit data, allowing them to access a wealth of policy-level information.

Every time you search the database, Coverage Verifier will supply information on all insureds listed on the policy. You’ll get a Summary Report with associated Coverage Lapse Detail information. And for each listed policy, you’ll get a Detail Report and Change History Report.

Take a closer look at the following reports and see how they can work for you.

Summary Report

The Summary Report provides a quick overview of an applicant’s coverage history for the look-back period set by the insurer ordering the report. The report includes carrier, policy status, number of cancellations and renewals, and policy term effective and expiration dates. For each listed policy, you get a corresponding Detail Report and Change History Report.

ORDER DATE: 03/15/2013

SEARCH CRITERIA

Name: JOHN Q. PUBLIC

Address: 565 MCCLAY STHARRISBURG, PA 17110

CUSTOMER ORDERING INFORMATION

Company: MULTI-STATE INDEMNITY AUTO INSURANCE CO

Order Date: 03/15/2013

Look-Back Period: 60 MONTHS

SEARCH RESULTS – POLICIES FOUND

Target Search Person

Policy Number Reporting Carrier Policyholder Inception Date

A9876543210 UNITED INDEMNITY JOHN Q. PUBLIC 03/21/2012

Status # Cancels # Renewals Reported As Of Term Eff Date Term Exp Date

IN FORCE 00 00 03/22/2012 03/21/2012 03/21/2013

Policy Number Reporting Carrier Policyholder Inception Date

B1234567890 DEPENDABLE INS JOHN Q. PUBLIC 03/31/2010

Status # Cancels # Renewals Reported As Of Term Eff Date Term Exp Date

CANCELED 01 01 02/26/2012 03/31/2011 03/31/2012

Policy Number Reporting Carrier Policyholder Inception Date

T6789012345 STANDARD INS JOHN Q. PUBLIC 03/31/2009

Status # Cancels # Renewals Reported As Of Term Eff Date Term Exp Date

EXPIRED 03 00 04/09/2010 03/31/2009 03/31/2010

Policy Number Reporting Carrier Policyholder Inception Date

Z1234509876 PROTECTABLE INS JOHN PUBLIC 03/31/2008

Status # Cancels # Renewals Reported As Of Term Eff Date Term Exp Date

EXPIRED 02 00 04/21/2009 03/31/2008 03/31/2009

Individual searched: In this case, “John Q. Public”

Insurance company ordering the report

Time span covered by the report (i.e., “look-back period”): Can be 6–60 months and is determined by the company (not by the individual user)

Policy status

Policy term beginning and end dates

Number of cancellations and renewals over the policy lifetime

Inception date of the policy for John Q. Public

Date the policy transaction infor- mation is posted to the Coverage Verifier database

Coverage Lapse Detail

Coverage Lapse Detail provides a chronological history — with an exact count of days in force and days lapsed — of each company that insured the applicant.

SEARCH RESULTS — COVERAGE LAPSE SUMMARYORDER DATE: 03/15/2013

Name Possible Coverage Lapse? Coverage In Force Today?

Person 1: JOHN Q. PUBLIC Y Y

SEARCH RESULTS — COVERAGE LAPSE DETAIL

Person 1: JOHN Q. PUBLIC

Company A.M. Best # From Date To Date Cvg Days Lapse Lapse Days

UNITED INDEMNITY 068723 03/21/2012 03/21/2013 00366 Y 00025

DEPENDABLE INS 085279 03/31/2010 02/25/2012 00696 N 00000

STANDARD INS 092582 03/31/2009 03/31/2010 00365 N 00000

PROTECTABLE INS 052813 03/31/2008 03/31/2009 00366 N 00000

Convenient delivery

Coverage Verifier Underwriting Reports are available through a variety of convenient delivery

methods. You can access reports through our secure web-based platform, choosing online

reports, transactional system-to-system delivery, or batch processing. You can also choose

web-service delivery at point of sale through QuickFill®. QuickFill is Verisk’s prefill tool that

helps complete an insurance quote quickly and easily. You can integrate QuickFill into any

of your sales channels, including agent point-of-sale applications, call centers, and online

quote systems.

The report shows a 25-day lapse in cover- age between the end of the Dependable Insurance policy and the start of the United Indemnity policy

Number of days “John Q. Public” is covered under this particular policy

“Y” indicates the presence of one or more coverage lapses

The in-force period for each policy

Detail Report

The Detail Report provides information about a particular policy, including the insurer; covered drivers and vehicles; garage locations; and coverage types, limits, and deductibles. You see exactly how each policy looked as it was last reported to the database.

CARRIER INFORMATION

Contributing Carrier Name A.M. Best # NAIC #

DEPENDABLE INS 085279 65481

POLICY INFORMATION

Policy Number Inception Date Policy Type Term Eff Date Term Exp Date Cancel Date Cancel Reason Phone

B1234567890 03/31/2010 AUTO 03/31/2011 03/31/2012 02/25/2012 NON-PAY (469) 555-1234

Policyholder Policy Status Risk Class Prem Pmt Plan Method of Pmt Policy Prem Policy Form

JOHN Q. PUBLIC CANCELED NONSTANDARD OTHER CHECK $1,925 PP 00 01

GARAGE LOCATIONS

VIN Address City State ZIP From To

1FTBF17W8X8319387 565 MCCLAY ST HARRISBURG PA 17110 01/10/2012 02/25/2012

2CTHV18R147291078 565 MCCLAY ST HARRISBURG PA 17110 03/31/2010 02/25/2012

DRIVER/RELATED SUBJECT INFORMATION

First Name Last Name Date of Birth SSN Sex Relation DL State/Number From To

JOHN PUBLIC 09/10/1954 XXX-XX-1589 M INSURED PA/P0987654321 03/31/2010 02/25/2012

JANE CITIZEN 05/28/1957 XXX-XX-9913 F SPOUSE PA/C0123456789 03/31/2010 02/25/2012

REBECCA PUBLIC 11/14/1995 XXX-XX-2810 F CHILD PA/P6789012345 03/31/2010 02/25/2012

LIENHOLDER INFORMATION

VIN Lienholder Address City State ZIP From To

1FTBF17W8X8319387 FORD MOTOR CREDIT 4309 ELM ST DEARBORN MI 52138 01/10/2012 02/25/2012

VEHICLE INFORMATION

Year Make Model Class Code VIN Bus. Use

2011 FORD F-150 811300 1FTBF17W8X8319387 N

Terr. Code A/T Device Coll Ded Comp Ded From To

01 $500 $250 01/10/2012 02/25/2012

Year Make Model Class Code VIN Bus. Use

2008 CHEV MALIBU 811103 2CTHV18R147291078 N

Terr. Code A/T Device Coll Ded Comp Ded From To

01 $500 $250 03/31/2010 02/25/2012

MAILING ADDRESS INFORMATION

Address City State ZIP From To

565 MCCLAY ST HARRISBURG PA 17110 03/31/2010 02/25/2012

LIABILITY COVERAGE INFORMATION

Coverage Type Limits From To

BODILY INJURY $25,000/$50,000 03/31/2010 02/25/2012

PROPERTY DAMAGE $10,000 03/31/2010 02/25/2012

UNDERINSURED MOTORIST (BI) $25,000/$50,000 03/31/2010 02/25/2012

UNDERINSURED MOTORIST (PD) $10,000 03/31/2010 02/25/2012

* The report displays all coverages reported by the carrier, including bodily injury, medical payments, property damage, personal injury, uninsured motorist, and underinsured motorist.

Insurance company information

Policy canceled for nonpayment

Types and amounts of coverages*

Insured vehicle information

Every line item shows the in-force period (Vehicle added to policy 1/10/12 and continued in force until cancellation)

Vehicle garaging information

Policy driver information

Vehicle lienholder information

For more information about Coverage VerifierContact Verisk Customer Support at 1-800-888-4476 or info@verisk.com.

Change History Report

The Change History Report provides information about the history of changes to a policy, including the addition, deletion, or change of drivers, vehicles, or coverages. The sample shows that the policyholder added a son for a period of time before dropping him from the policy.

CARRIER INFORMATION

Contributing Carrier Name A.M. Best # NAIC #

DEPENDABLE INS 085279 65481

POLICY INFORMATION

Policy Number Risk Class Policy Type Policyholder From To

B1234567890 NONSTANDARD AUTO JOHN Q. PUBLIC 03/31/2010 02/25/2012

TRANSACTION INFORMATION

Transaction Type Effective Date

NEW BUSINESS 03/31/2010

RENEWAL 03/31/2011

ENDORSEMENT 12/04/2011

ENDORSEMENT 01/10/2012

CANCELLATION: NON-PAY 02/25/2012

DRIVER/RELATED SUBJECT INFORMATION

First Name Last Name Date of Birth SSN Sex Relation DL State/Number From To

THOMAS PUBLIC 06/25/1993 XXX-XX-8917 M CHILD PA/P123406789 03/31/2010 12/04/2011

MAILING ADDRESS INFORMATION

NO CHANGES REPORTED

LIABILITY COVERAGE INFORMATION

NO CHANGES REPORTED

VEHICLE INFORMATION

NO CHANGES REPORTED

GARAGE LOCATIONS

NO CHANGES REPORTED

LIENHOLDER INFORMATION

NO CHANGES REPORTED

Transaction history of the policy

“Thomas Public,” a 20-year-old driver, listed as a driver on the policy for a period of time but then dropped

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