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Session Laws, 1987
Volume 769, Page 2729   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                    Ch. 596

(2)  "Commissioner" means the Insurance Commissioner
of this State.

(3)  "Insurer" means an insurance company licensed to
offer insurance in this State.

(4)  "State" means any state of the United States or
the District of Columbia.

(b)  An insurer shall submit an annual report in a form
required by the Commissioner containing its liability insurance
experience in this State and other states.

(c)  A report filed under this section shall cover the
following lines of insurance:

(1)  Medical malpractice insurance; and

(2)  Any other annual statement liability line
designated by the Commissioner.

(d)  A report filed under this section shall include the
following data specific to this State and other states by the
type of insurance for the previous year ending on the December 31
next preceding:

(1)  Premiums written;

(2)  Premiums earned;

(3)  Net investment income, including net realized
capital gains and losses, using appropriate estimates where
necessary;

(4)  Total amount of incurred claims expressed in
terms of the following components:

(i) Closed claims expressed in terms of the
following components:

1.  Dollar amount of claims paid by final
judgments; plus

2.  Dollar amount of claims paid by
settlements; plus

(ii) Reserves for reported claims at the end of
the current year; minus

(iii) Reserves for reported claims at the end
of the previous year; plus

- 2729 -

 

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Session Laws, 1987
Volume 769, Page 2729   View pdf image
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