§ 12963
273 words·~1 min read·
/ca/insurance-code/12963A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each insurer transacting insurance, as defined in Sections 108 and 116, covering liability for any public entity, as defined in Section 811.2 of the Government Code, where the public entity is the named insured, shall report specified data to the commissioner by type of claim, upon request of the commissioner, which may, for a specified period, include, but not be limited to, the following:
(a)The total number of insureds.
(b)The total amount of premiums received from insureds, both written and earned.
(c)The number of claims reported to the insurer and the number of claims reported closed.
(d)The total number of claims outstanding, together with the monetary amount reserved for loss and allocated loss expense.
(e)The number of claims closed with payment to the claimant, the total monetary amount paid thereon, and the total allocated loss expense paid thereon.
(f)The monetary amount paid on claims with allocated loss expense paid.
(g)The number of claims closed without payment to the claimant and the allocated loss expense paid thereon.
(h)The monetary amount reserved on claims incurred but not reported to the insurer.
(i)The number of lawsuits filed against the insurers insureds.
(j)A distribution by size of payment for those claims closed showing the number of claims and total amount paid for each monetary category, as determined by the commissioner.
As used in this section, the type of claims to be reported shall include, but not be limited to, workers’ compensation, liability, personal injury other than automobile, property damage other than automobile liability, liability based upon the dangerous condition of public property, and other general liability claims.