Andrew M. Cuomo
Governor

Benjamin M. Lawsky
Superintendent

February 24, 2015

RE:

CALL FOR SPECIAL REPORT PURSUANT TO SECTION 308, NEW YORK INSURANCE LAW:  MEDICAL MALPRACTICE INSURANCE NET DIRECT PREMIUMS WRITTEN IN NEW YORK

Dear Company Representative,

Department Regulation No. 170, promulgated pursuant to Section 5502(c) of the Insurance Law, established the New York Medical Malpractice Insurance Plan (“Plan”) and requires all insurers licensed in New York and writing medical malpractice insurance on a direct basis to be members of the Plan.  Eligible health care practitioners and facilities unable to obtain coverage in the voluntary market will be assigned to members of the Plan writing the applicable class of coverage.

In order for us to determine whether your company should participate as a member of the Plan, please complete the survey questionnaire, which is posted on this Department’s website (http://www.dfs.ny.gov/insurance/datacall/calls/mmal308.htm).  Please carefully read the filing instructions in the "Readme" file, and respond to all questions and instructions in the "Report" file.  The information in the “Report” file will also be used to determine, among other items, your proportionate voting rights and share of the writings, expenses, servicing allowance, capital charges, management fees and losses of the Plan.

Insurers that have written premiums in Calendar Year 2014 for classifications of business written by the Plan (as indicated in the report format) should be reporting premiums attributable to the Plan during Calendar Year 2014, and should be including the amount of those premiums in their Annual Statement reporting and this special report.

Please note that the questions in Section II of the reporting form have been revised this year for clarity.

Please e-mail your completed Report file to Mr. Alan Goren, Principal Insurance Examiner, at:
                  MMIPsurvey@dfs.ny.gov

If the affirmation is submitted by US Mail, address it to Mr. Alan Goren at:

                  New York State Department of Financial Services
                  One State Street
                  New York, NY 10004

                  Attn: Alan Goren, Principal Insurance Examiner
                  MARS Unit, 6th Floor

Your response to this data call is due by March 25, 2015.  If you have any questions concerning the downloading or using the “Report.xls” file, please contact Alan Goren by phone at (212) 480-5587, or by e-mail at Alan.Goren@dfs.ny.gov.  All other questions should be directed to Ms. Ying Victoria Ng by e-mail at YingVictoria.Ng@dfs.ny.gov.

 

 

 

 

Very truly yours,

 

 

 

 

 

 

 

 

 

Maurice Morgenstern

 

Deputy Bureau Chief

 

Property Bureau

 

 

 

 

 

Readme

Instructions for completing the report file. (PDF Format)

Report

Tables into which you must enter the information on Medical Malpractice Insurance Net DirectPremiums Written in New York. (Excel Format)