(a) The Department of Finance and Administration shall establish an advisory group consisting of representatives of the State Insurance Department, insurance companies, the Division of Arkansas State Police, and other agencies or entities to:
(1) Facilitate the implementation of the online insurance verification system;
(2) Develop a guide for insurers providing data and other information necessary for compliance along with other necessary rules;
(3) Coordinate and conduct a testing phase;
(4) Identify necessary changes during the testing phase; and
(5) Issue recommendations based on periodic reviews of the online insurance verification system.
(b) The Department of Finance and Administration shall:
(1) Cooperate with insurers in implementing the online insurance verification system;
(2) Establish the online insurance verification system framework necessary to assist insurers using multiple keys for greater matching accuracy, including without limitation:
(A) National Association of Insurance Commissioners company code numbers;
(B) Vehicle identification numbers;
(C) Policy numbers; and
(D) Other key or keys specified by the advisory group; and
(3) Be responsible for keeping the advisory group informed on implementation status.
(c) Each insurer shall cooperate with the Department of Finance and Administration in establishing the online insurance verification system.