Senate Resolution 164

PAG LIN

  1  1                SENATE RESOLUTION NO. ___
  1  2                       BY  IVERSON
  1  3 A Resolution requesting the commissioner of insurance
  1  4    to submit an annual report to the legislative council
  1  5    containing administrative and financial information
  1  6    relating to insurance claims including
  1  7    medical malpractice claims.
  1  8    WHEREAS, rising insurance costs and the
  1  9 affordability of insurance, including medical
  1 10 malpractice insurance, has led to the need for an
  1 11 examination of the factors impacting the insurance
  1 12 market, including the medical malpractice insurance
  1 13 market, in this state; and
  1 14    WHEREAS, the commissioner of insurance is the chief
  1 15 executive officer of the insurance division within the
  1 16 department of commerce charged with regulating,
  1 17 supervising, and directing the conduct of the business
  1 18 of insurance in this state; NOW THEREFORE,
  1 19    BE IT RESOLVED BY THE SENATE, That the commissioner
  1 20 of insurance is requested to collect information from
  1 21 every insurer providing insurance coverage in this
  1 22 state, including every insurer providing medical
  1 23 malpractice insurance coverage in this state, relating
  1 24 to, but not limited to, rate filings including
  1 25 ratemaking methodology, loss trends and ratios
  1 26 including loss development and loss adjustment
  1 27 expenses, investment earnings and losses, the
  1 28 frequency of claims, the availability of carriers in
  1 29 the insurance marketplace, including carriers in the
  1 30 medical malpractice insurance marketplace, and any
  2  1 other relevant information affecting the availability
  2  2 and affordability of insurance, including medical
  2  3 malpractice insurance, as deemed appropriate by the
  2  4 commissioner; and
  2  5    BE IT FURTHER RESOLVED, That the commissioner of
  2  6 insurance is requested to prepare an annual report of
  2  7 the foregoing information and to submit such report to
  2  8 the legislative council by December 30 of each year,
  2  9 beginning in 2004.
  2 10 SR 164
  2 11 rh/cc/26