Insurer of motor vehicles annual reporting requirement – payment examples

Examples of payments you must report on your information return

payments to an auto body shop located in New York State on behalf of your insured for any kind of service provided by the shop, including a car rental during the repair period
payments on behalf of your insured to vendors located in New York State who repair a vehicle’s glass (glass claims)
payments for towing services to the vendor/repair shop that is repairing the motor vehicle
payments to vendors located in New York State for service or repair of a motor vehicle regardless of whether the vehicle is registered in New York State or in another state
payments made to a New York State vendor to repair a vehicle of a person that is not your insured (e.g., as in the case where you pay a claim against your insured, because they were liable for the accident)

payments made to your customer who is an automobile dealership, for costs of repairs to vehicles held in inventory
payments made to automobile dealerships to cover parts and labor delivered by the dealership under service and extended warranty contracts

Updated: July 31, 2020