Section 500.2477a - Municipal liability insurance; data and information required; filing and release of data and information; liability.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.2477a Municipal liability insurance; data and information required; filing and release of data and information; liability.
Sec. 2477a.
(1) Each insurer providing municipal liability insurance to an insured in this state shall submit the following data to the commissioner at the time prescribed in this section. The data shall be provided with respect to any complaint filed against a municipal liability insured in any court, if the complaint seeks damages for personal injury claimed to have been caused by an act or omission of a municipality or an employee of the municipality while engaged in the ordinary course of employment.
(2) The following data and information shall be furnished to the commissioner pursuant to subsection (1) within 30 days after the filing of an answer on behalf of the insured:
(a) The name of the insured.
(b) The date of the injury.
(c) The date of the filing of the complaint.
(d) The type of activity or failure to act involved, the official job title designation of the employee involved, and a description of his or her employment duties.
(e) Other information as the commissioner requires.
(3) The following data and information shall be furnished to the commissioner within 30 days after any judgment, settlement, or other dismissal involving the insured:
(a) The date of the judgment, settlement, or other dismissal.
(b) The amount of judgment against the insured.
(c) The amount of any settlement paid on behalf of the insured, whether the settlement was negotiated by suit or without the filing of a complaint for damages.
(d) Of the amounts provided in subdivisions (b) and (c), the amount attributable to economic damages and the amount attributed to noneconomic damages.
(e) Other information as the commissioner requires.
(4) The commissioner shall retain the information and maintain files containing information required to be furnished under this section in the form and for a period which the commissioner considers necessary. The commissioner shall maintain the data and information filed in accordance with this section as confidential records and shall not release the data and information filed in accordance with this section except for bona fide research, educational, licensing, actuarial, department of social services subrogation, or legislative purposes. However, the commissioner shall not release the name of any person that is part of the data and information filed in accordance with this section.
(5) There shall not be liability on the part of, and a cause of action of any nature shall not arise against, an insurer preparing a statement or report under this section, the insurer's agents or employees, the commissioner, or employees of the commissioner, for any action taken by the insurer, the insurer's agents or employees, the commissioner, and employees of the commissioner pursuant to this section.
History: Add. 1978, Act 506, Imd. Eff. Dec. 13, 1978 ;-- Am. 1986, Act 173, Imd. Eff. July 7, 1986
Popular Name: Act 218