3929.301 Rules requiring property and casualty insurer to file report.

(A) The superintendent of insurance shall adopt rules requiring each property and casualty insurer that has annual total direct premiums written in this state of five million dollars or more, or the statistical organization submitting reports on behalf of the insurer, to submit a report containing the information required under this section. The report shall be on forms prescribed by the superintendent.

(B) Except as provided in divisions (E) and (F) of this section, the report shall provide the information specified in division (C) of this section on the following lines of insurance:

(1) Private passenger auto liability;

(2) Commercial auto liability;

(3) Product liability;

(4) Medical malpractice separately stated for:

(a) Physicians;

(b) Hospitals;

(5) Political subdivision liability;

(6) Commercial multi-peril;

(7) Any kind of insurance, subdivision, or combination thereof, as directed by the superintendent;

(8) Other liability.

(C) The reports shall include the following data for each line of insurance written in this state for the previous calendar year:

(1) Direct premiums written;

(2) Direct premiums earned;

(3) Net investment income, including net realized capital gains and losses, using appropriate estimates where necessary;

(4) Incurred claims, developed as the sum of, and with figures provided for, each of the following:

(a) Dollar amount of claims paid, plus

(b) Reserves for reported claims at the end of the current year, minus

(c) Reserves for reported claims at the end of the previous year, plus

(d) Reserves for incurred but not reported claims at the end of the current year, minus

(e) Reserves for incurred but not reported claims at the end of the previous year, plus

(f) Loss adjustment expenses, allocated and unallocated combined, paid, plus

(g) Reserves for loss adjustment expense, allocated and unallocated combined, at the end of the current year, minus

(h) Reserves for loss adjustment expense, allocated and unallocated combined, at the end of the previous year.

(5) Incurred expenses allocated separately to commissions, other acquisition costs, general office expenses, taxes, licenses and fees, and all other expenses, using appropriate estimates when necessary;

(6) Net underwriting gain or loss;

(7) Net operation gain or loss, including net investment income;

(8) Dividends paid to policyholders.

(D) The report shall be due within sixty days following the date the annual statement is due. The superintendent annually shall compile and review all reports submitted by insurers under this section. All such supplemental reports and all papers and other documents relating to the compilation of such supplemental reports are public records under section 149.43 of the Revised Code.

(E) Any rule adopted by the superintendent pursuant to this section shall include a provision that the superintendent may, for good cause shown by an insurer, waive any of the requirements of divisions (B) and (C) of this section.

(F) The superintendent of insurance may by rule modify the requirements of this section in order to adopt national standards approved by the national association of insurance commissioners, which may be used by any reporting company as an alternative to the requirements of this section.

Effective Date: 01-05-1988