What Verdica's 778 score means for Insurance Producer 76
Insurance Producer 76 in Ohio holds a composite Verdica score of 778 out of 850, placing it in the "strong" band (740–799). This score reflects aggregated performance across financial stability, complaint handling, and regulatory compliance—three core dimensions that regulators and consumers use to gauge operational reliability.
A score of 778 indicates that this producer performs above average on measurable compliance and financial metrics. It is not in the top tier (800–850, "excellent"), nor does it fall into acceptable or elevated risk categories. For someone evaluating this producer, the score suggests a track record that meets industry standards with some room for variation in specific areas. The score is built on regulatory data rather than customer testimonials; no independent reviews are currently indexed, so this assessment is based purely on objective compliance indicators tracked by the National Association of Insurance Commissioners (NAIC).
Readers should interpret this score as a baseline of regulatory compliance and financial soundness. It answers the question: "Does this producer meet or exceed the minimum standards?" The answer here is yes, with a performance level that positions it above peers in certain dimensions but not uniformly across all three.
How the sub-scores break down
Financial Strength: 700. This sub-score sits at the lower end of the "strong" band. In insurance, financial strength reflects the producer's ability to meet obligations, maintain adequate capitalization, and sustain operations during economic stress. A score of 700 suggests the producer meets financial solvency standards, but with less cushion than higher-scoring peers. This is a pass, not a warning, but it indicates regulators may be monitoring capital ratios or liquidity metrics more closely than they would for a producer scoring 750+.
Complaints: 800. This score is in the "excellent" range and indicates a low complaint ratio relative to the producer's size and market activity. The NAIC tracks complaints filed against producers by consumers and other parties. A score of 800 means complaint frequency is controlled and well-managed relative to industry benchmarks. This is a strength: it suggests either a low volume of substantive complaints or effective resolution practices that prevent escalation to regulators.
Regulatory Actions: 850. This is the highest sub-score and reflects the cleanest record in this dimension. Regulatory actions include licensing violations, enforcement orders, consent agreements, and disciplinary findings. A score of 850 indicates minimal or no material regulatory enforcement activity. This suggests the producer maintains compliance with state licensing laws, continuing education requirements, and conduct standards set by Ohio's insurance regulator.
What regulators in OH track for insurance providers
Ohio's Department of Insurance, working within the NAIC framework, monitors insurance producers through two primary mechanisms:
Complaint ratios measure the rate of formal complaints filed against a producer, normalized by company size and market presence. Complaints can involve misrepresentation, failure to disclose terms, improper handling of premiums, or service failures. High complaint ratios trigger investigation and possible enforcement.
Financial strength ratings assess solvency and operational stability. Regulators examine capital adequacy, reserve sufficiency, underwriting practices, and loss history. Producers must maintain minimum net worth and demonstrate sound financial management. Ratings can decline if a producer exhibits underwriting losses, capital deficiencies, or rapid growth that strains resources.
Scores move based on whether complaint trends worsen or improve, whether the producer receives citations or violations during examinations, whether licensing remains in good standing, and whether financial metrics strengthen or weaken over time.
Bottom line
Insurance Producer 76 presents a strong compliance profile with particular strength in regulatory relations and complaint management. Before engaging, verify that current licensing is active in Ohio, confirm the producer's specific lines of authority match your insurance needs, and cross-check any independent customer feedback once reviews are available.