Program areas at Aipso
Automated Information Systems Services provides and supports information systems for any residual market mechanism. We (1) provide systems planning and design, (2) coordinate telecommunications, networking, and data transmission, (3) offer programming expertise, (4) provide and maintain software, systems, and equipment.
Financial Services provides accounting and investment services for any residual market organization. We (1) process account receivables/payables, (2) maintain general ledgers, (3) prepare GAAP/Statutory financial statements, reports, and tax filings in accordance with state requirements,(4) maintain and reconcile bank accounts, (5) prepare, distribute, and collect assessments, (6) oversee mechanisms' investments on the respective investment policy, (7)prepare cash flow projections and budgets to ensure prospective cash needs are met, (8) ensure purchasing of goods and services is performed in compliance with company policy.
Rating & Actuarial Services is a licensed rating and/or advisory organization in more than 45 states and the District of Columbia. We (1) collect, evaluate, and edit insurance premium and expense data received from statistical organizations that collect the data from insurance companies, (2) develop rates and rating rules designed specifically for the residual market, (3) develop individual rates for unique risks not specifically rated from the rating manuals, (4) present rate indications to governing committees, (5) file rates and rules with regulators on behalf of state residual market organizations, (6) provide rates and rules in both print and Web-based formats.
Producer Certification Services provides support for producer licensing and certification for automobile residual market organizations. Management Consulting Services provide management expertise on a consulting basis to residual market mechanisms that are supported, but not managed, by our organization.
Commercial Automobile Safety Program (CASP)Services provided processing support for loss prevention programs until September 2022, when this program ended. Pooing Mechanism Support Services provides analysis and administrative support for residual market organizations. Fraud Containment Services takes measures on both a national and state level to identify and combat premium diversion and other types of fraud in connection with
insurance coverage provided through auto insurance residual market mechanisms and Producer involvement. AIPSO Insurance Operations Services: AIPSO functions as a service provider to private passenger and commercial risks in support of the auto insurance residual market's Commercial Automobile Insurance Procedures (CAIPs) Joint Underwriting Associatins (JUAs) Personal Automobile Insurance Procedures
(PAIPs) and Private Passenger (PPPs)