(a) If an automobile liability insurer chooses not to utilize the IICMVA model, the automobile liability insurer shall provide to the department of revenue, or its designated agent, a full book of business by the seventh day of each calendar month.
(b)
(1) Subsection (a) does not apply if the policy covers a motor vehicle that is registered as a vehicle of a political subdivision or of this state, or as a vehicle registered pursuant to § 55-4-122 or § 55-4-502.
(2) Subsection (a) does not preclude an automobile liability insurer from more frequent reporting.
(c)
(1) The full book of business provided pursuant to subsection (a) shall include:
(A) The vehicle identification number of each insured motor vehicle; and
(B) The automobile liability insurer's NAIC code, policy number, and effective date of each policy.
(2) Each automobile liability insurer that chooses not to utilize the IICMVA model pursuant to subsection (a) shall transmit the information described in this subsection (c) by either electronic means or by another means of transmission acceptable to the department of revenue or its designated agent.
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