• EDI Compliance Penalty Information
  • January 27, 2016 | Author: Megan B. Caramore
  • Law Firm: Vandeventer Black LLP - Norfolk Office
  • EDI transactions are required reports under Virginia Code Section 65.2-902. The Commission’s EDI Compliance Initiative (now in its seventh year) is preparing to issue penalties for failure to file such reports. Requests that will result in a penalty include, but are not limited to:
    • Failure to file initial FROI.
    • Failure to file initial SROI reporting payment previously ordered.
    • Failure to file transactions specifically requested by the Commission.
    The penalty for each occurrence will be $250.00, beginning January 1, 2016, based on requests sent on or after July 1, 2015. The Commission advises that there is a Penalty Order appeal process to the Deputy Commissioner.