HD23 - Uninsured Motorist Situation
Executive Summary: The Department of Motor Vehicles' Insurance Monitoring efforts have been more effective since implementing the current processes in July, 1986. The results of these efforts for the last fiscal year are as follows: INSURANCE MONITORING RESULTS JULY 1, 1988 THROUGH JUNE 30, 1989 Vehicle owners Issued Notices: 369,640 Resulting Net orders of Suspension: 26,343 Average Detection Rate **: 7.13% Units of Voluntary UMV Fee Paid: 4,487 Units of Statutory UMV Fee Paid: 20,468 Total Certificates of Insurance Filed: 25,301 Total Revenue Collected: $7,540,421 DHV Appropriation: $3,618,800 Financial Responsibility Division Operational Costs: $ 3,618,800 Net Funds Available for Transfer to SCC: $3,921,621 **The Average Detection Rate represents the efforts of all of the Insurance Monitoring Processes administered by the Department. The detection rate for the Vehicle Registration Sample process was 5.42%. • There were 5,068,030 vehicles registered in the State of Virginia as of June 30, 1989. This is a slight increase over the 4,933,151 vehicles registered as of June 30,1988. • The number of motorists who voluntarily paid the uninsured motor vehicle fee at the time of registration for FY88-89 was 4,487. • The number of motorists who paid the penalty fee only following detection by DMV as being uninsured was 20,468 for FY88-89. • Net revenues collections increased during the past fiscal year to $7,540,421. This increase is primarily due to the increase in the Uninsured Motor Vehicle and Penalty Fee to $400 beginning July 1, 1988. The Department of Motor Vehicles' Appropriation was increased to $3,618,800 during FY88-89 to more closely cover the actual expenditures necessary to administer the Insurance Monitoring Program. • The FY88-89 Financial Responsibility Division operational costs were $3,618,800. This is an increase over the FY87-88 operational costs of $2,492,707 and is primarily due to ADP and postage costs, previously not considered in the division's operational costs. • The net funds available for transfer to the State Corporation Commission during FY88-89 was $3,921,621. This is a decrease from the previous fiscal year and is due primarily to the increase in the expenditures required to administer the Insurance Monitoring program and appropriated to the Department. • A statewide survey was conducted by the Survey Research Laboratory at Virginia Commonwealth University in July and August 1988. The results of the survey indicated that the majority of citizens were informed of Virginia's requirements for automobile liability insurance coverage. This illustrates the effectiveness of the public education efforts provided by the Department of Motor vehicles. |
Menu
Published Documents
