33-3-21.1. Submission of reports by property and casualty insurers; types of insurance to which requirement applies; contents of report; public inspection.

By rule or regulation, the Commissioner may require each insurer licensed to write property and casualty insurance by the Commissioner to submit a report on a form furnished by the Commissioner showing its direct writings in this state.#

The report permitted by subsection (a) of this Code section may include but not be limited to the following types of insurance written by such insurer:#

1. (1)

   Motor vehicle bodily injury liability insurance, including medical pay insurance;#

2. (2)

   Products liability insurance;#

3. (3)

   Medical malpractice insurance;#

4. (4)

   Architect and engineer malpractice insurance;#

5. (5)

   Attorney malpractice insurance;#

6. (6)

   Motor vehicle personal injury protection insurance;#

7. (7)

   Motor vehicle property liability insurance;#

8. (8)

   Uninsured motorist insurance;#

9. (9)

   Underinsured motorist insurance; and#

10. (10)

    Commercial casualty or property insurance as defined in paragraph (1) of Code Section 33-7-3 or Code Section 33-7-6.#

Additionally, the report shall include the following information:#

1. (1)

   Direct premiums written;#

2. (2)

   Direct premiums earned;#

3. (3)

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

4. (4)

   Incurred claims, developed as a sum of, and with figures provided for, the following:#

   1. (A)

      Dollar amount of claims closed with payment; plus#

   2. (B)

      Reserves for reported claims at the end of the current year; minus#

   3. (C)

      Reserves for reported claims at the end of the previous year; plus#

   4. (D)

      Reserves for incurred but not reported claims at the end of the current year; minus#

   5. (E)

      Reserves for incurred but not reported claims at the end of the previous year; plus#

   6. (F)

      Reserves for loss adjustment expense at the end of the current year; minus#

   7. (G)

      Reserves for loss adjustment expense at the end of the previous year;#

5. (5)

   Actual incurred expenses allocated separately to loss adjustment, commissions, other acquisition costs, general office expenses, taxes, licenses, fees, and all other expenses;#

6. (6)

   Net underwriting gain or loss; and#

7. (7)

   Net operation gain or loss, including net investment income.#

Any reports provided under this Code section shall be made available to the public for inspection.#