NuGen IT announced the expansion of its Total Loss Workbook to include commercial vehicle calculations for total loss settlements. The calculations are state-specific for the 50 states and Washington D.C. to meet all of the statutes and regulatory requirements for the Department of Insurance (DOI) and Department of Motor Vehicles (DMV).
The Total Loss Workbook has offered detailed calculations for private passenger vehicles, motorcycles and mopeds for the last three years.
“NuGen IT developed the cloud-based application to help insurance companies easily calculate the correct regulatory fees and taxes associated with all total loss settlements specific to each state or
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