Iowa Code 505.27 – Medical malpractice insurance — annual claims reports required
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Terms Used In Iowa Code 505.27
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
- Rule: includes "regulation". See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- year: means twelve consecutive months. See Iowa Code 4.1
505.27 Medical malpractice insurance — annual claims reports required.
1. An insurer providing medical malpractice insurance coverage to Iowa health care
providers shall file annually on or before June 1 with the commissioner a report of all medical malpractice insurance claims, both open claims and closed claims filed during the reporting period, against any such Iowa insureds during the preceding calendar year.
2. The report shall be in writing and contain all of the following information aggregated by specialty area and paid loss and paid expense categories established by the commissioner: a. The total number of claims in the reporting period and the nature and substance of
such claims.
b. The total amounts paid within six months after final disposition of the claims.
c. The total amount reserved for the payment of claims incurred and reported but not disposed.
d. The expenses, as set forth by rule, related to the claims.
e. Any other additional information as required by the commissioner by rule.
3. The commissioner shall compile annually the data included in reports filed by insurers pursuant to this section into an aggregate form by insurer, except that such data shall not include information that directly or indirectly identifies any individual, including a patient, an insured, or a health care provider. The commissioner shall submit a written report summarizing such data along with any recommendations to the general assembly and the governor annually by December 1.
4. A report prepared pursuant to subsection 1 or 3 shall be open to the public and shall be made available to a requesting party by the commissioner at no charge, except that any identifying information of any individual, including a patient, an insured, or health care provider, shall remain confidential.
5. For purposes of this section:
a. “”Health care provider”” means the same as defined in § 10A.711, a hospital licensed pursuant to chapter 135B, or a health care facility licensed pursuant to chapter 135C. b. “”Insurer”” means an insurance company authorized to transact insurance business in this state. “”Insurer”” does not include a health care provider who maintains professional liability insurance coverage through a self-insurance plan, an unauthorized insurance company transacting business with an insured person in this state, or a person not authorized
to transact insurance business in this state.
2006 Acts, ch 1128, §3; 2017 Acts, ch 29, §141; 2019 Acts, ch 59, §177
Referred to in §135P.4
Section not amended; internal reference change applied
1. An insurer providing medical malpractice insurance coverage to Iowa health care
providers shall file annually on or before June 1 with the commissioner a report of all medical malpractice insurance claims, both open claims and closed claims filed during the reporting period, against any such Iowa insureds during the preceding calendar year.
2. The report shall be in writing and contain all of the following information aggregated by specialty area and paid loss and paid expense categories established by the commissioner: a. The total number of claims in the reporting period and the nature and substance of
such claims.
b. The total amounts paid within six months after final disposition of the claims.
c. The total amount reserved for the payment of claims incurred and reported but not disposed.
d. The expenses, as set forth by rule, related to the claims.
e. Any other additional information as required by the commissioner by rule.
3. The commissioner shall compile annually the data included in reports filed by insurers pursuant to this section into an aggregate form by insurer, except that such data shall not include information that directly or indirectly identifies any individual, including a patient, an insured, or a health care provider. The commissioner shall submit a written report summarizing such data along with any recommendations to the general assembly and the governor annually by December 1.
4. A report prepared pursuant to subsection 1 or 3 shall be open to the public and shall be made available to a requesting party by the commissioner at no charge, except that any identifying information of any individual, including a patient, an insured, or health care provider, shall remain confidential.
5. For purposes of this section:
a. “”Health care provider”” means the same as defined in § 10A.711, a hospital licensed pursuant to chapter 135B, or a health care facility licensed pursuant to chapter 135C. b. “”Insurer”” means an insurance company authorized to transact insurance business in this state. “”Insurer”” does not include a health care provider who maintains professional liability insurance coverage through a self-insurance plan, an unauthorized insurance company transacting business with an insured person in this state, or a person not authorized
to transact insurance business in this state.
2006 Acts, ch 1128, §3; 2017 Acts, ch 29, §141; 2019 Acts, ch 59, §177
Referred to in §135P.4
Section not amended; internal reference change applied