What Verdica's 778 score means for Insurance Producer 16
Insurance Producer 16 in Ohio has earned a Verdica composite score of 778 out of 850, placing it in the "strong" performance band (740–799). This score reflects an above-average compliance and financial profile based on regulatory data from the National Association of Insurance Commissioners (NAIC).
A score in this range indicates that the producer meets core regulatory standards and has demonstrated reasonably stable operations relative to its peer group. Readers should interpret this as: the provider operates within acceptable compliance margins and has not triggered significant red flags in complaint ratios or financial metrics that would warrant elevated scrutiny. However, a "strong" rating sits below the "excellent" threshold (800–850), suggesting there is modest room for improvement in one or more areas.
For business owners or consumers evaluating this producer, a 778 score warrants a standard due-diligence conversation but does not automatically signal high risk or require urgent investigation.
How the sub-scores break down
Financial Strength: 700
This sub-score reflects the producer's capital adequacy, liquidity, and balance-sheet stability as rated by NAIC financial strength assessment protocols. A score of 700 places this dimension in the acceptable range. It indicates the producer maintains sufficient resources to meet claims obligations and operational expenses, but does not rank among the most financially robust operators in its category. A score at this level suggests normal capital management without indicators of imminent solvency concerns.
Complaints: 800
The complaints sub-score of 800 is notably strong. This metric is derived from NAIC complaint ratio data—essentially the volume and nature of consumer complaints filed against the producer, adjusted for company size. An 800 rating indicates that complaint frequency and severity are well-controlled relative to industry benchmarks. This is one of Insurance Producer 16's strongest dimensions and suggests customers have not lodged an unusual number of grievances regarding service, claims handling, or policy administration.
Regulatory Actions: 850
This is the highest sub-score on the card. The regulatory actions dimension reflects NAIC records of licensing sanctions, enforcement orders, fines, or other compliance violations. A perfect 850 indicates no material regulatory actions have been recorded. This suggests Insurance Producer 16 has maintained clean licensing status and has not been subject to significant state or federal enforcement activity during the lookback period that Verdica indexes.
What regulators in OH track for insurance providers
Ohio regulators, through NAIC reporting standards, monitor insurance producers across three core compliance dimensions:
Complaint Ratios: State insurance departments track the ratio of complaints per $1 million in premium volume (or per 1,000 policies, depending on reporting year). Complaints may involve delays in claims settlement, policy cancellation disputes, premium billing errors, or misrepresentation. High complaint ratios relative to peer companies can trigger examination or enforcement reviews.
Financial Strength Ratings: NAIC requires producers and carriers to file annual financial statements. Regulators assess capital reserves, loss reserves, net worth, and liquidity ratios. Producers below minimum capital thresholds or showing signs of deterioration may face corrective action orders.
Regulatory Actions and Licensing History: Ohio's Department of Insurance maintains records of all enforcement actions, including cease-and-desist orders, license suspensions, fines, and required remedial education. Clean licensing history is a baseline expectation; violations move scores downward.
These metrics are designed to protect consumers and maintain market stability by identifying and monitoring problem actors before they cause widespread harm.
Bottom line
Insurance Producer 16 presents a solid compliance profile with particular strength in regulatory standing and complaints management. Before engaging, verify that their service offerings align with your needs and confirm current licensing status directly through Ohio's Department of Insurance. A 778 score does not eliminate normal business due diligence.