(1) As used in this section, the following have the same meaning as in KRS 186A.040:
(a) "Commercial motor vehicle";
(b) "Commercial motor vehicle insurance"; and (c) "Insurer." (2) Every insurer that does not provide access to insurance status information for commercial motor vehicles as specified by the Department of Vehicle Regulation under KRS 186A.040 shall, within one (1) calendar week following the end of its accounting month, send to the Department of Vehicle Regulation a list of all persons insured by it whose commercial motor vehicle insurance was terminated by either cancellation or nonrenewal during such accounting month, except those persons whose nonrenewal was at the end of a policy with a term of six (6) months or longer and who failed to make a payment for the renewal of the policy. Such list shall include a description of each vehicle insured under such terminating policy.
(3) An insurer may present the information required by subsection (2) of this section by compatible computer tape approved by the Department of Vehicle Regulation.