Section 2602 - Report of disposition1.Report; finality of judgment or award. The insurer shall make a report of disposition to the board or department that regulates the insured as provided in subsection 2 if any claim subject to section 2601 results in: A. A final judgment or award to the claimant in any amount; [1977, c. 492, §3(NEW).]B. A settlement involving payment in any amount of money or services; or [1977, c. 492, §3(NEW).]C. A final disposition not involving any payment of money or services. [1991, c. 534, §4(AMD).] For purposes of this subsection, a judgment or award is final when it can not be appealed, and a disposition is final when it results from judgment, dismissal, withdrawal or abandonment.
[1997, c. 126, §2(AMD).]
2. Information included: The report of disposition required pursuant to subsection 1 shall include: A. The name, address and specialty coverage of the insured; [1977, c. 492, §3(NEW).]B. The insured's policy number; [1977, c. 492, §3(NEW).]C. The date and place of the occurrence which created the claim; [1977, c. 492, §3(NEW).]D. The date of suit, if filed or arbitration if demanded; [1977, c. 492, §3(NEW).]E. The date and amount of judgment, award or settlement, if any; [1977, c. 492, §3(NEW).]F. The allocated claim expense, if any; [1977, c. 492, §3(NEW).]G. The date and reason for final disposition, if no judgment, award or settlement; [1977, c. 492, §3(NEW).]H. A summary of the occurrence which created the claim; and [1977, c. 492, §3(NEW).]I. Such other information as may be required pursuant to section 2603. [1977, c. 492, §3(NEW).] [1977, c. 492, §3(NEW).]
3.Fine. The failure of any insurer providing professional liability insurance in this State to a person licensed by the Board of Licensure in Medicine or the Board of Osteopathic Licensure or any health care provider to report as required is a civil violation for which a fine of not more than $1,000 may be adjudged. [1993, c. 600, Pt. B, §§21, 22(AMD).]
1977, c. 492, § 3 (NEW) . 1979, c. 541, §A161 (AMD) . 1985, c. 804, §§9,22 (AMD) . 1991, c. 534, § 4 (AMD) . 1993, c. 600, §§B21,22 (AMD) . 1997, c. 126, § 2 (AMD) .