(a) The Department of Finance and Administration shall:
(1) Cooperate with insurers and the advisory group established under § 27-22-203 in operating the online insurance verification system;
(2) Maintain the list of authorized requesting entities and individuals and make the list a part of the online insurance verification system;
(3) Maintain the online insurance verification system framework necessary for insurers using the key or keys under § 27-22-204;
(4)
(A) Provide data security for the type of information transferred as prescribed by the advisory group.
(B) Data secured via the online insurance verification system may not be shared with any party other than those permitted by state or federal privacy laws;
(5) Be responsible for keeping the advisory group informed on functionality and planned or unplanned service interruptions;
(6) Provide alternative methods of reporting for small insurers insuring no more than fifty (50) motor vehicles in the state as prescribed by the department;
(7) Work with the advisory group on issues as they emerge for an equitable resolution for all parties;
(8) Maintain records of online insurance verification system data for a period of time specified by the department;
(9) Provide a means to separately track or distinguish motor vehicles where the owner qualifies as self-insured and financial responsibility is provided by a certificate of insurance under § 27-19-107 or other method authorized by law;
(10) Administer and enforce this subchapter and propose reasonable rules concerning any matter administered in this subchapter;
(11) Provide suitable notices and forms necessary to carry out the provisions of this subchapter; and
(12) Suspend motor vehicle registrations under this subchapter.
(b) This section does not prohibit the department from using the services of a third-party vendor for facilitating the operation of the online insurance verification system required by this subchapter.