§ 23-63-1202 - Contents of report.
23-63-1202. Contents of report.
(a) The report required by this subchapter shall include, but not be limited to, the following types of insurance written by such insurer:
(1) Motor vehicle bodily injury liability insurance, including medical pay insurance;
(2) Products liability insurance;
(3) Medical malpractice insurance;
(4) Architects' and engineers' malpractice insurance;
(5) Attorneys' malpractice insurance;
(6) Motor vehicle personal injury protection insurance;
(7) Motor vehicle property liability insurance;
(8) Uninsured motorist insurance;
(9) Underinsured motorist insurance; and
(10) Workers' compensation insurance.
(b) The report shall include the following data for the previous year ending on December 31:
(1) Direct premiums written;
(2) Direct premiums earned;
(3) Net investment income, including net realized capital gains and losses, using appropriate estimates where necessary;
(4) Incurred claims developed as the sum of, and with figures provided for, the following:
(A) Dollar amount of claims paid current year or paid losses; plus
(B) Reserves for reported claims at the end of the current year; minus
(C) Reserves for reported claims at the end of the previous year; plus
(D) Reserves for incurred but not reported claims at the end of the current year; minus
(E) Reserves for incurred but not reported claims at the end of the previous year; plus
(F) Reserves for loss adjustment expense at the end of the current year reported split between allocated loss adjustment expenses and unallocated loss adjustment expenses; minus
(G) Reserves for loss adjustment expense at the end of the previous year reported split between allocated loss adjustment expenses and unallocated loss adjustment expenses;
(5) Actual incurred expenses allocated separately to loss adjustment, commissions, other acquisition costs, general office expenses, taxes, licenses, fees, and all other expenses;
(6) Net underwriting gain or loss;
(7) Net operation gain or loss, including net investment income;
(8) Net investment gain on surplus, allocated to the lines as a percentage of the previous year's incurred losses;
(9) Federal income taxes paid, allocated to the lines as a percentage of earned premium; and
(10) Return on surplus with surplus allocated to the lines based upon earned premiums.