Notice of reserve by medical liabilty insurer; report of final
adjudications and settlements
Sec. 3. (a) A health care provider's insurer shall notify the
commissioner of any malpractice case upon which the insurer has
placed a reserve of at least one hundred twenty-five thousand dollars
($125,000). The insurer shall give notice to the commissioner under
this subsection immediately after placing the reserve. The notice and
all communications and correspondence relating to the notice are
confidential and may not be made available to any person or any
public or private agency.
(b) All malpractice claims settled or adjudicated to final judgment
against a health care provider shall be reported to the commissioner
by the plaintiff's attorney and by the health care provider or the
health care provider's insurer or risk manager within sixty (60) days
following final disposition of the claim. The report to the
commissioner must state the following:
(1) The nature of the claim.
(2) The damages asserted and the alleged injury.
(3) The attorney's fees and expenses incurred in connection
with the claim or defense.
(4) The amount of the settlement or judgment.
As added by P.L.1-1998, SEC.13. Amended by P.L.111-1998,
SEC.11.
Last modified: May 24, 2006