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