Alabama Insurance Commissioner Jim L. Ridling issued a bulletin last week approving the use of a new “insurance certification form,” MVD-1, that is designed for licensed motor vehicle dealers and others.
The bulletin addresses questions raised by insurance producers about whether it is permissible to execute form MVD-1, which was developed by the Alabama Department of Revenue. The MVD-1 is an insurance certificate form relied upon by the Department of Revenue for evidence of the insurance coverage required of licensed motor vehicle dealers, motor vehicle reconditioners, motor builders, and motor vehicle wholesalers under Alabama Code 40-12-392(e).
The statute requires such licensees to “maintain blanket motor vehicle liability insurance coverage on vehicles operated on the public streets and highways of this state, including vehicles in dealership inventory,” and to provide evidence of the coverage to the Commissioner of Revenue.
The most recent version — which can be viewed at https://dealerlicense.mvtrip.alabama.gov/help.pdf (a PDF file) — reflects the results of cooperation between the Department of Insurance and the Department of Revenue to resolve questions raised by producers and insurers, Commissioner Ridling stated.
Commissioner Ridling stated that this version of the MVD-1 may permissibly be used by insurers or producers acting for insurers on behalf of customers required to furnish evidence of coverage to the Department of Revenue.