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InsureNet provides the opportunity to dramatically
reduce fraud by eliminating many of its causes.
Benefits
The Benefits Include
InsureNet offers many benefits to a variety of organizations directly associated with the motor vehicle insurance industry. Some of these include...

Law Enforcement – Law Enforcement is provided insurance status, (active/inactive/no record-fraudulent), automatically for interstate and intrastate use whenever a registration is checked via Nlets. Nlets is owned by all U.S. states and handles over 88 million transactions each month.

Vehicle Registration - Current status is checked instantly with or without an ID card. This applies to in-person, mail-in and electronic applications; no insurance means no registration with InsureNet.

Courts - Any telephone, computer, PDA or a special Court Reader can provide Courts with instant status for the date of trial, the date of citation and then automatically, for the date prior to citation to eliminate any chance of a policy having been "back dated".

Insurance Companies - InsureNet provides the opportunity to dramatically reduce fraud and resultant costs by eliminating many of its causes. It also provides increased efficiency and service to existing policyholders, thus substantially reducing other costs, and it provides a dramatic increase in revenues. Losses from Uninsured Motorist Coverage will, as an example, be dramatically reduced, a noted insurer actuary has documented over $103. per policy/vehicle/year in initial income, increasing over time.

State and Local Government - Governments are able to provide a substantial benefits package to Citizens at no cost, including a fair, safe, accurate, non-invasive, and efficient system. InsureNet also provides the tools for Law Enforcement, DMVs, Courts, Insurance Departments and others to do their jobs with greater professionalism, while removing all uncertainty. This in turn, means that Law Enforcement Officers, DMV staff and others cease being the targets of often irate people trying to register or drive without insurance. The system of course, also provides the opportunity to Governments to dramatically increase revenues from citations, premium tax and business tax. This is the only interstate system and the only international system. It is the only accurate system and the only system for use by Law Enforcement everywhere. It is the only way to do accurate “e”registration and handle tollway requirements. This is the answer every stakeholder has been waiting for." at the very end.

The Public - The new system offers safer roads, much improved government and insurance service, far more convenience, and over time, lower insurance rates.

Purchasing a Vehicle - Insurance status can be checked and verified instantly, before allowing a test drive and before transferring the title.

Purchasing Insurance - Insurance purchase is faster and easier with InsureNet. A secure binder number is produced automatically on behalf of the insurer involved to verify the transaction, thus eliminating confusion and fraud, while enabling instant and accurate registration.


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