Accurate Tax Identity Verification for Life, Health, and P&C Insurers
Insurance carriers depend on accurate taxpayer and identity data to process claims, pay beneficiaries, prevent fraud, and meet IRS and state compliance requirements. Incorrect Name/TIN information or unverified identities can lead to IRS penalties, delayed claims, B-Notices, and financial loss.
TINCheck provides insurance companies with real-time TIN verification, Office of Foreign Assets Controls (OFAC) screening, sanctions checks, and Death Master File (DMF) checks to maintain clean data, reduce fraud risk, and automate compliance across claims and payout workflows.
Why Technology Providers Choose TINCheck
Reduce Fraud in Claims and Payouts
Spot risky claimants, beneficiaries, and providers early with OFAC, watchlist, and DMF checks.
Prevent 1099 Filing Errors and IRS Penalties
Insurers file millions of 1099s each year. TINCheck verifies Name/TIN data up front to avoid mismatches, B Notices, and $340 per record IRS penalties.
Speed Up Claims and Payout Accuracy
Confirm identities in real time so new users, vendors, or contractors can get started quickly without delays or added support needs.
Support Life Insurance DMF Compliance
Life insurers must regularly screen policyholder records against the DMF. TINCheck helps identify deceased insureds, trigger outreach, and stay aligned with escheatment requirements.
Automate Agent, Provider and Vendor Onboarding
Quickly validate tax IDs and identities for agents, adjusters, providers, and vendors without manual review.
TINCheck Solutions Built for Businesses
TINCheck API
Embed TIN, DMF, OFAC, and sanctions checks directly into claims, onboarding, payouts, or policy admin workflows for fully automated identity and compliance screening.
TINCheck Bulk
Process large datasets for TIN, DMF, and OFAC checks at scale to clean policyholder and beneficiary records, support escheatment cycles, and prepare for 1099 filings.
TINCheck Real-Time
Run instant TIN validations, DMF lookups, and OFAC screenings through a simple web interface. Perfect for quick checks during claims review, beneficiary verification, or vendor and agent onboarding.
Frequently Asked Questions
FAQs
How can insurance companies verify taxpayer information automatically?
Insurance companies can use a real time TIN verification tool, like TINCheck, that checks Name/TIN data against IRS records and screens individuals using OFAC and DMF datasets.
Why do life insurers need to run DMF checks?
State unclaimed property laws and NAIC guidance expect life insurers to regularly compare policyholder records against the DMF. This helps identify deceased insureds, begin beneficiary outreach, and support escheatment timelines.
What happens if an insurer submits incorrect Name/TIN information?
Incorrect taxpayer data can trigger B-Notices, cause rejected payments, delay claims, and result in IRS penalties of $340 per incorrect record.
Can insurers run TIN or DMF checks without IT support?
Yes. TINCheck Real-Time offers instant verification with no engineering work required.
Why do insurers need OFAC and sanctions screening?
Insurance companies must ensure they are not issuing payments to sanctioned individuals or entities. OFAC screening reduces fraud, supports SIU, and helps insurers meet federal compliance requirements.