July 17, 1987

SUBJECT: INSURANCE

Circular Letter No. 13 (1987)

WITHDRAWN

TO: ALL INSURERS LICENSED TO WRITE IN NEW YORK STATE PERSONAL INJURY & PROPERTY DAMAGE LIABILITY DURANCE

RE: USE OF APPROPRIATE FORMS FOR DATA REPORTING FILING REQUIREMENTS PURSUANT TO 11 NYCRR 162 (REGULATION 131)

Pursuant to Section 334 of the Insurance Law, as specified in Regulation 131, 11 NYCRR 162, promulgated on July 13, 1987, dealing with data reporting filing requirements, all commercial property/casualty insurers must submit to the Department the data necessary to compile the Annual Commercial Property/Casualty Insurance Report.

Please note that the forms attached to Regulation 131, as promulgated and distributed, were reduced in size. In order to expedite processing, the prescribed forms, in the size annexed to this Circular Letter, should be utilized by every insurer for all data submissions pursuant to Regulation 131. Please duplicate sufficient quantities of these annexed forms for continued use.

Very truly yours,

[SIGNATURE]

JAMES P. CORCORAN

SUPERINTENDENT OF INSURANCE

 

Insurer

NAIC Group Code   NAIC Company Code(s)   Federal Employer ID #

New York

19   Direct Written Premiums

For Selected Markets

Market

19   Direct Written Premium

  

Municipal Liability

    
     

Public School Liability

    
     

Child Care Liability

    
     

Public Official Liability

    
     

Non-Profit IRC 5501(c)(3)

    

 Directors & Officers Liability

    
     

Other Directors & Officers Liability

    
     

Medical Malpractice Liability

    
     

Attorneys Malpractice Liability

    
     

Accountants Malpractice Liability

    
     

Architects and Engineers Malpractice Liability

    
     

Other Professional Liability

    
     

Other Errors & Omissions Liability

    
     

Recreational Liability

    
     

Other Owners, Landlords and Tenants Liability

    
     

Other Manufacturers & Contractors Liability

    
     

Products Liability

    
     

Completed Operations Liability

    
     

Liquor Law Liability

    
     

Public Officials Liability

    
     

Pollution Environmental Impairment Liability

    
     

Police Professional Liability

    
     

Commercial Automobile Liability (ex. PIP)

    
     

All Other Commercial Liability

    
     

All Other Liability (Not Commercial)

    
     

(A) Total Liability

    

(B) Total Non-Liability Premium in

    

 CMP on Page -14

    

 of the Annual Statement.

    

(C)=(A)+(B)

    

(D) CKP as shown on page 14

    

(E) Medical Malpractice as shown on page 14

    

(F) Other Liability as shown on page 14

    

(C) Commercial Automobile liability (ex. PIP)

    

 as shown on page 14

    
     

(H)=(D)+(E)+(F)+(G)

    

Calendar Year

19

  
     

1. Direct Premium Written*

    
     

2. Direct Premium Earned *

    
     

3. Direct Incurred Loss*

$

   %(E)
     

4. Allocated LAE

$

   %(E)
     

5. Unallocated LAE

$

   %(E)
     

6. Total LAE (3+6)

$

   %(E)
     

7. Losses LAE Incurred (3+6)

$

   %(E)
     

8. Commissions

$

   %(W)
     

9. Other Acquisition Costs

$

   %(W)
     

10. General Expenses

$

   %(E)
     

11. Taxes, Licenses & Fees

$

   %(W)
     

12. Total Expenses (8+9+10+11)

$

  
     

13. Total Losses & Expenses (7+12)

$

  
     

14. Underwriting Profit

    

   (Loss) (2-13)

$

  
     

15. Investment Income**

$

  
     

16. Operating Profit

    

   (Loss) (14+15)

$

  
     

17. Combined Trade Ratio

    

((7) + (10) / (2)) + ((8) + (9) + (11) / (1))

$

  
     

18. Dividends to Policy holders

$

  
         

E = Percent of Earned Premium

W = Percent of Written Premium

=This is to be completed for direct business(before reinsurance assumed or ceded)

* Reconcile with page 14 of annual Statement

** Note the instruction in subdivision 162.4(b)(A) of Regulation 131

         
 

(1)

(2)

(3)

(4)
       

Unallocated

Policy

Total Limits

Total Limits

Total Limits

Loss Adjust-

Year

Written Premium

Paid Losses (a)

Unpaid Losses (b)

Expenses (c)
         

19

        

19

        

19

        

19

        

19

        

19

        
         

Total

        

19 -19

        
           
 

(5)

(6)

(7)

(8)

  
 

Ultimate

Reported

Ultimate

Ultimate Loss

  

Policy

Incurred

Incurred

Incurred

& LAE Ratio

  

Year

Losses

Claim

Claim

[(5) / (1) ]

  
 

Including

Counts

Counts (d)

    

all LAE(d)

          

19

          

19

          

19

          

19

          

19

          

19

          
           

Total

          

19 -19

          
                   

(a) Including ALLOCATED Loss Adjustment Expense (LAE)

(b) Reserves on known Claims

(c) Estimated as a percentage of Total Limits Paid and unpaid losses

(d) Developed to an ultimate Settlement Basis, Attach Loss and Claim Development Exhibits (5)) = [(2)+(3)+(4)] x [Appropriate Loss Development Factors] (7)=(6) x appropriate Claim Development factor.

Commercial Claim Report

State of New York

Market

Accident Date

Resolution

Claim Number

 

Past

  
   

Non-

    
 

Economic

Economic

Uninsurable

  
 

(a)

(b)

(c)

  

1) Total Amount of Award

        

2) Insureds Equitable Share ($ amount)

        

 amount Paid on Behalf of Insured:

        

3)   By Insured

        

4)   By Insurer

        

5)   By Other Insurers

        
 

Future

  
   

Non-

Total*

  
 

Economic

Economic

Uninsurable

  
 

(a)

(b)

(c)

(g)

1) Total Amount of Award

        

2) Insureds Equitable Share ($ amount)

        

 amount Paid on Behalf of Insured:

        

3)   By Insured

        

4)   By Insurer

        

5)   By Other Insurers

        

Form 101-D shall be completed for every claim with a resolution date, as defined in regulation 131 (11 NYCRR 162), on or after January 1, 1987, including such claims that result in no payments.

- This is to be completed on a per claimant basis

- All amounts shown must be in whole dollars. Percentage must be converted to dollars using appropriate calculations (e.g. if the total award is $ 100,000 and the insureds equitable share is 15% the amount line (2) is 15,000)

- Complete lines (3) and (5) with best available estimates

- Complete for Direct Incurred Losses (not including reinsurance ceded or assumed)

*(g)=[(a)+(b)+(c)+(d)+(e)+(f)]

[] Check here if report date of claim is prior to 8-1-86

Insurer

NAIC Group Code   NAIC Company Code   Federal Employers ID #

Commercial Claim Report-Annual Summary

State of New York

Market

Resolution year ending 19

Separate forms are required for each claim size category by report date category

Check if report is for

[] Total Awards equal to zero

[] Total Awards greater than zero, and less than or equal to $ 50,000

[] Total Awards greater than $ 50,000, and less than or equal to $ 250,000

[] Total Awards greater than $ 250,000, and less than or equal to $ 1,000,000

[] Total Awards greater than $ 1,000,000 report is for

[] Claims having report dates prior to 8-1-86

[] Claims having report dates on or after 8-1-86

 

Past

  
   

Non-

    
 

Economic

Economic

Uninsurable

  
 

(a)

(b)

(c)

  

1) Total Amount of Award

        

2) Insureds Equitable Share (]

        

 amount Paid on Behalf of Insured:

        

3)   By Insured

        

4)   By Insurer

        

5)   By Other Insurers

        

6) Total Number of Claimants

        
 

Future

  
   

Non-

Total*

  
 

Economic

Economic

Uninsurable

  
 

(a)

(b)

(c)

(g)

1) Total Amount of Award

        

2) Insureds Equitable Share (]

        

 amount Paid on Behalf of Insured:

        

3)   By Insured

        

4)   By Insurer

        

5)   By Other Insurers

        

6) Total Number of Claimants

        

The resolution year is the year that final judgment is rendered after all appeals have been exhausted.

- This is to be completed separately by market and by size of resolution as defined above

- All amounts shown must be In whole dollars

- These reports shall reconcile with the Commercial Claim Reports on individual claims