Texas Insurance Code - Section 38.156. Content Of Summary Closed Claim Report Form
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§ 38.156. CONTENT OF SUMMARY CLOSED CLAIM REPORT
FORM. The summary closed claim report form adopted by the
commissioner for a report under Section 38.155 must require
information relating to:
(1) the identity of the insurer;
(2) the liability insurance policy, including:
(A) the type or types of insurance;
(B) the classification of the insured; and
(C) reserves for the claim;
(3) details of:
(A) the claims process, including:
(i) whether a lawsuit was filed;
(ii) whether attorneys were involved;
(iii) the stage at which the claim was
closed;
(iv) any court verdict;
(v) any appeal; and
(vi) whether the claim was settled outside
of court and, if so, at what stage; and
(B) the amount paid on the claim, including:
(i) the total amount of a court award;
(ii) the amount paid to the claimant by the
insurer;
(iii) the amount paid for defense costs;
(iv) the amount paid for punitive damages;
and
(v) the amount of loss adjustment expenses;
and
(4) any other matter that the commissioner determines
to be significant in allowing the department and the legislature to
monitor the liability insurance industry to ensure its solvency and
to ensure that liability insurance is available, is affordable, and
provides adequate protection in this state.
Added by Acts 1999, 76th Leg., ch. 101, § 1, eff. Sept. 1, 1999.
Section: 38.105 38.106 38.151 38.152 38.153 38.154 38.155 38.156 38.157 38.158 38.159 38.160 38.161 38.162 38.163
Last modified: August 11, 2007
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