Andrew M. Cuomo
Governor

Benjamin M. Lawsky
Superintendent

February 27, 2014

RE:

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

Dear

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.

            Additionally, insurers who have premiums that are attributable to the Plan during Calendar Year 2013 should indicate the amount of those premiums.

            If you experience technical difficulties in using this file, please contact:

                                                Anthony Bonner
                                                By phone at (212) 480-5594,
                                                or by e-mail at Anthony Bonner

 

            Please e-mail your completed Report file to Mr. Anthony Bonner at:

                                                Anthony Bonner

The affirmation must be sent to Mr. Bonner by US Mail at:

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

                                                Attn: Anthony Bonner, Senior Examiner
                                                MARS Unit, 6th Floor

 

            Your response to this data call is due by March 31, 2014.  If you have any questions concerning the downloading and/or using the “Report.xls” file, please contact Anthony Bonner by phone at (212) 480-5594, or by e-mail at Anthony Bonner.  All other questions should be directed to Ms. Ying Victoria Ng by e-mail at Ying Victoria Ng.

 

 

 

 

 

Very truly yours,

 

 

 

 

 

 

 

 

 

Maurice Morgenstern

 

Deputy Bureau Chief

 

Property Bureau

 

 

 

 

 

(Excel Format)

Readme

Instructions for completing the report file.

Report

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

 

(Lotus Format)

Companies wishing to complete this data call in Lotus should contact Anthony Bonner phone at (212) 480-5594, or by e-mail Anthony Bonner for the files.