Loss prevention reports and programs.
1. Every insurer except life insurers shall, if requested by the Commissioner, submit an annual report to the Commissioner on September 15, concerning its loss prevention and control programs, and on new conclusions it has reached as to the loss implications of its statistics, underwriting, claims files and operations.
2. Based on the reports of subsection 1, as well as other available information, the Commissioner shall prepare each year a report on the loss prevention programs of insurers with recommendations for more effective loss prevention activity.
Last modified: February 27, 2006