Insurance Topics | Medical Malpractice Insurance | NAIC An example of this is the 2004 report, Medical Malpractice Insurance Report: A Study of Market Conditions and Potential Solutions to the Recent Crisis To better understand claims associated with medical professional liability insurance, some states require closed claims to be reported to the state insurance department
MEDICAL MALPRACTICE INSURANCE REPORT: A STUDY OF MARKET CONDITIONS AND . . . of the medical malpractice insurance market The second limitation is that the data provided to the NAIC is not sufficiently detailed to examine where, and to what extent, problems exist Analysis of available data shows that, in broad terms, there is a market problem in medical malpractice However,
GUIDELINE FOR IMPLEMENTATION OF MEDICAL PROFESSIONAL LIABILITY CLOSED . . . entity as required by subsection 5A(1) of the Medical Professional Liability Closed Claim Reporting Model Law C “Claimant” means the same as in subsection 2B of the Medical Professional Liability Closed Claim Reporting Model Law D “Closed claim” means the same as in subsection 2C of the Medical Professional Liability Closed
Nuclear Verdicts, Tort Liability, and Legislative Responses by other sources of recovery, such as insurance There is a wealth of insurance-related academic research that considers these mitigation strategies, specifically focusing on tort reform Early research centered primarily on product liability (Warfel, 1991; Warfel, 1993) and medical malpractice insurance (Viscusi et al , 1993; Viscusi Born
MEDICAL PROFESSIONAL LIABILITY CLOSED CLAIM REPORTING MODEL LAW Table . . . (1) A demand for monetary damages for injury or death caused by medical malpractice; or (2) A voluntary indemnity payment for injury or death caused by medical malpractice B “Claimant” means a person, including a decedent’s estate, who is seeking or has sought monetary damages for injury or death caused by medical malpractice
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GUIDELINE FOR IMPLEMENTATION OF MEDICAL PROFESSIONAL LIABILITY CLOSED . . . A Policy limits—When reporting the policy limits of the medical professional liability insurance policy covering the claim, reporting entities must report the following, if applicable: (1) Primary policy limit, per occurrence (a self-insured retention is not a primary policy limit);
Glossary of Insurance Terms - National Association of Insurance . . . Medical Malpractice - insurance coverage protecting a licensed health care provider or health care facility against legal liability resulting from the death or injury of any person due to the insured's misconduct, negligence, or incompetence, in rendering or failure to render professional services
UNIFORM PROPERTY CASUALTY PRODUCT CODING MATRIX peril on a property insurance policy, file it under the applicable property insurance filing code ) 02 3 or 02 5: 02 3001 Commercial Flood Separate flood insurance policy sold to commercial ventures for primary coverage 02 3 or 02 5: 02 3002 Personal Flood Separate flood insurance policy sold for personal, family or household