NY Insurance Circular Letter No. 20 (1980)

Reports on terminations of professional Medical liability Insurance.

Year: 1980Length: 458 wordsOfficial source
December 22, 1980 SUBJECT: INSURANCE Circular Letter No. 20 (1980) TO: ALL INSURERS AUTHORIZED TO WRITE PROFESSIONAL MEDICAL LIABILITY INSURANCE IN NEW YORK STATE RE: REPORTS ON TERMINATIONS OF PROFESSIONAL MEDICAL LIABILITY INSURANCE Chapter 866 of the Laws of 1980 amended Section 335 of the Insurance Law, effective January 1, 1981, to require insurers engaged in issuing professional medical liability insurance in this state to file with the Superintendent of Insurance and the Commissioner of Health a report of any cancellation of its insureds professional medical liability insurance, for reasons other than non-payment of premiums. Each insurer engaged in the writing of professional medical liability insurance in this state (including coverage for physicians, surgeons, physician's assistants, specialist's assistants, hospitals and other health facilities), shall file a Report on Termination in accordance with the form attached and the enclosed instructions pertaining thereto. Additional blank copies of the reporting form are not being provided and you are requested to prepare reasonable facsimiles thereof. Reports on terminations on or after January 1, 1981 are due within 15 days following each monthly period (e.g. reports on terminations from January 1 through January 31 are due on February 15, etc.). The completed forms shall be mailed to: 1) Mr. Harold I. Baida, Principal Insurance Examiner Property and Casualty Insurance Bureau State of New York Insurance Department Two World Trade Center New York, NY 10047 and 2) Medical Claims Report Unit Division of Health Manpower Development New York State Department of Health Empire State Plaza Tower Building Albany, NY 12237 Very truly yours, [SIGNATURE] Albert B. Lewis Superintendent of Insurance ATTACHMENT INSTRUCTION SHEET FOR REPORT ON TERMINATION The following instructions apply to the items listed below: 2a. Enter CODE for type of termination: 1- cancellation by company(other than for non-payment of premiums) 2- non-renewal by company 3d. Enter date of birth for physicians, surgeons, physician's assistants and specialist's assistants only 4a. Enter Profession or Business code: 1- physician or surgeon 2- physician's assistant or specialist's assistant 3- hospital 4- other health care facility 4b. Enter Specialty Code (5 digits) from the Uniform Statistical Plan for Medical Professional Liability Insurance. 5a. Enter appropriate code if insured is Board Certified in: 1- specialty coded in 4b 2- a different specialty 3- both the specialty coded in 4b and another specialty 4- insured physician is not board certified If (2) or (3) is entered, also enter the additional Specialty Code (5 digit Uniform Statistical Plan code) in this line. 5b. Answer yes or no 5c. If answer to 5b is "yes", enter country in which primary medical education was received other than U.S. 6. Enter the specific reason(s) for termination by the Company. A specific reason shall not be an unsupported general statement such as "underwriting judgment".
NY Insurance Circular Letter No. 20 (1980): Reports on terminations of professional Medical liability Insurance. | Justis AI