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Session Laws, 1987
Volume 769, Page 2677   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                   Ch. 590

(3) MAKE THE REPORT AVAILABLE TO ANY PERSON ON
REQUEST.

(G) IN THE ANNUAL REPORT REQUIRED OF AN INSURER UNDER THIS
SECTION, THE INSURER SHALL LIST THE DOLLAR AMOUNT OF EARNED
PREMIUMS, THE DOLLAR AMOUNT OF CLAIMS PAID, THE DOLLAR AMOUNT OF
CLAIMS INCURRED BUT NOT PAID, LOSS RATIO, AND COMBINED LOSS RATIO
FOR EACH OF THE FOLLOWING TYPES OF RISKS OR COVERAGES:

(1) MUNICIPAL LIABILITY;

(2) CHILD CARE LIABILITY;

(3) ERRORS AND OMISSIONS LIABILITY FOR PUBLIC
OFFICIALS AND OFFICERS AND DIRECTORS;

(4) PROFESSIONAL LIABILITY;

(5) PUBLIC CARRIER LIABILITY; AND

(6) ANY OTHER TYPE OF RISK OR COVERAGE DESIGNATED BY
THE COMMISSIONER.

Article 101 - Workmen's Compensation

71.

(c) (1) The commissioners of the State Accident Fund shall
make a report to the Governor and the Secretary of Personnel
annually, within ninety days after the close of the State's
fiscal year, which shall likewise be the fiscal year of the State
Accident Fund, which report shall include a detailed statement of
the expenses and of the condition of the State Accident Fund.

(2) THE STATE ACCIDENT FUND SHALL FILE WITH THE
GOVERNOR ON OR BEFORE OCTOBER 1 OF EACH YEAR THE FOLLOWING
INFORMATION:

(I) EVERY RATE TO BE CHARGED AND EVERY POLICY
FORM TO BE USED BY THE FUND FOR EACH CLASSIFICATION FOR WHICH THE
FUND WRITES COVERAGE;

(II) THE FUND'S PROVISION FOR CLAIM PAYMENT AS
DEFINED IN ARTICLE 48A, § 244A(G) OF THE CODE FOR EACH
CLASSIFICATION FOR WHICH IT CHARGES A RATE; AND

(III) ALL OTHER RATE INFORMATION REQUESTED BY
THE GOVERNOR INCLUDING, BUT NOT LIMITED TO, FINANCIAL DATA,
PREMIUMS AND LOSSES, AND RATE CLASSIFICATIONS.

(3) THE INFORMATION REQUIRED UNDER THIS SUBSECTION
SHALL BE FILED ON A FORM REQUIRED BY THE GOVERNOR THAT SHALL
CONFORM AS CLOSELY AS POSSIBLE TO THE FORMS USED BY A RATING

- 2677 -

 

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Session Laws, 1987
Volume 769, Page 2677   View pdf image
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