11 NCAC 16 .0105             PHYSICIANS AND SURGEONS PROFESSIONAL LIABILITY INSURANCE

Companies that insure more than two percent of the insured physicians and surgeons in North Carolina shall submit the following data upon request, evaluated as of December 31 to the Actuarial Services Division:

(1)           number of insured doctors by speciality;

(2)           basic limits losses and ultimate claims for the most recent ten accident or report years;

(3)           class one frequency, basic limits severity, and basic limits pure premium for the most recent ten accident or report years;

(4)           exposure distributions separately by class, by maturity, and by increased limits factor for the most recent ten calendar years; and

(5)           percentage of claims closed with neither a loss payment nor an allocated loss adjustment payment and the percentage of claims closed with only an allocated loss adjustment payment for the most recent ten calendar and for the most recent ten accident or report years.

History Note:        Authority G.S. 58‑2‑40(1); 58‑2‑190; 58‑41‑50(e)(14);

Eff. December 1, 1990;

Readopted Eff. October 1, 2018.