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.