-4-
From 1978 to 1981, petitioner wrote medical malpractice
insurance only in Utah. In 1982, petitioner began issuing
insurance policies to physicians practicing in Montana, and in
1991 to physicians practicing in Idaho. During the years in
issue, about 85-90 percent of petitioner's insurance policies
were issued to doctors practicing in Utah.
During those years, petitioner primarily wrote medical
malpractice liability insurance and also wrote a small amount of
general liability insurance for its covered physicians.
From 1984 to 1992, the number of doctors insured by
petitioner increased as follows:
Year Number of insureds
1984 1,369
1985 1,432
1986 1,482
1987 1,630
1988 1,699
1989 1,819
1990 1,814
1991 1,920
1992 2,002
D. Regulation of Petitioner by the Utah Department of Insurance
Petitioner is principally regulated by the Utah Department
of Insurance (UDI). Petitioner maintained its books and records
in accordance with UDI requirements and filed annual statements
with UDI. Petitioner prepared each annual statement in the
format prescribed by the National Association of Insurance
Commissioners (NAIC), a voluntary association of State insurance
commissioners.
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