Missouri Revised Statutes













Chapter 379

Insurance Other Than Life

←379.893

Section 379.895.1

379.901→

August 28, 2015

Annual report by commercial casualty insurance companies--form--content of report--exceptions.

379.895. 1. Every insurance company doing commercial casualty business

in this state shall annually on or before March first report its closed

claims experience for the previous calendar year to the director on a form

prescribed by the director. The form shall include data as required by the

director for profitability by line and such other data as the director may

prescribe. The information to be included on such report shall also include

the following:



(1) Number and dollar amount of claims closed with payment by year

incurred for each commercial liability class or line, and the dollar amount

reserved for such claims:



(a) In the event a claim is paid pursuant to a verdict being rendered by

a court, the insurer shall report the number of claims in which the insurer

paid:



a. More than three hundred thousand dollars in noneconomic damages to

one person or entity; and



b. More than five hundred thousand dollars in noneconomic damages to a

person or entity;



(b) In the event a claim is being paid pursuant to a verdict being

rendered by a court assessing punitive damages the insurer shall report the

number of claims in which the insured paid:



a. More than three hundred thousand dollars; and



b. More than five hundred thousand dollars;



(2) Number and dollar amount of claims closed without payment by year

incurred for each commercial liability class or line, and the dollar amount

reserved for such claims.



2. The annual report required by this section shall not include

information which is reported to the director pursuant to section 374.415 or

pursuant to a report required by any provision of chapter 383.



(L. 1987 H.B. 700 § 32)



Effective 7-1-87







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