HD4 - Uninsured Motorists in Virginia (1992)
Executive Summary: Results of Insurance Monitoring Efforts July 1, 1990 Through June 30, 1991 There were 4,794,803 vehicles registered in the State of Virginia as of June 30, 1991. This is a slight decrease over the 4,813,939 vehicles registered as of June 30, 1990. Vehicle Owners Issued Notices: 309,185 Resulting Net Orders of Suspension: 24,795 Average Detection Rate **: 8.02% ** The Average Detection Rate represents the efforts of all of the Insurance Monitoring processes administered by the Department. The Vehicle Registration Sample process detection rate was 6.77%. The number of motorists who voluntarily paid the uninsured motor vehicle fee at the time of registration for FY90-91 was 6,455. The number of motorists who paid the penalty fee only following detection by DMV as being uninsured was 18,306 for FY90-91. The number of Certificates of Insurance filed totaled 23,992. Net revenue collections decreased during the past fiscal year to $7,516,368. The Department of Motor Vehicles' appropriation was increased to $3,831,455 during FY90-91 to more closely cover the actual expenditures necessary to administer the Insurance Monitoring Program. The net funds available for transfer to the State Corporation Commission during FY90-91 were $3,684,914. 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 a decrease in the net revenue collections. |
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