eLaws of Florida

  SECTION 627.913. Reports by products liability insurers.  


Latest version.
  • 1The office may require any insurer authorized to write a policy of products liability insurance in the state to transmit the following information, based on its statewide products liability insurance writings. Upon the request of the office, an insurer shall, within 60 days, submit to the office a report that contains:
    52(1) 53Premiums written;
    55(2) 56Premiums earned;
    58(3) 59Unearned premiums;
    61(4) 62The dollar amount of claims paid;
    68(5) 69Incurred claims, not including claims incurred but not reported;
    78(6) 79Claims closed without payment, and the amount reserved for such claims;
    90(7) 91Loss reserves for all claims except claims incurred but not reported;
    102(8) 103Reserves for claims incurred but not reported;
    110(9) 111Losses paid as a percentage of the amount reserved for such losses;
    123(10) 124Net investment gain or loss and other income gain or loss allocated to products liability lines according to the allocation formula used in the annual insurance expense exhibit;
    152(11) 153Underwriting income or loss;
    157(12) 158Actual expenses in detail, including, but not limited to, loss adjustment expense; commissions; general expense; and advertising, home office, and defense costs;
    180(13) 181Claims settled after a suit was filed;
    188(14) 189Claims paid based on a judgment; and
    196(15) 197Judgments appealed by the insurer, together with the total results of such appeals.
History.-s. 1, ch. 78-224; s. 2, ch. 81-318; ss. 620, 625, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 92, ch. 98-199; s. 1229, ch. 2003-261.

Note

Note.-Former s. 624.433.

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Cited by Court Cases:

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