Ga. Comp. R. & Regs. R. 120-2-18-.09 - Insurer 384 Liability Report
(1) Each insurer licensed in this State to
write property and casualty insurance business within or without this State
shall file on or before March 1 of each year a report of its business and
affairs as of December 31 of the calendar year then next preceding in
accordance with instructions provided by the Commissioner. Such report shall
reflect the necessary information about the premiums written on motor vehicle
bodily injury liability, including medical pay insurance, product liability
premiums, medical malpractice premiums, architects and engineers malpractice
premiums, attorneys malpractice premiums, motor vehicle personal injury
protection premiums, motor vehicle property liability insurance, underinsured
and uninsured motorist premiums and other liability premiums. Such insurer
shall supply and insert all information and data necessary to truthfully
complete each blank space on such report unless it is unequivocally clear that
such space has no application to such insurer. Such insurer shall supply the
above-referenced information on Form GID-42, a copy of which can be obtained
from Commissioner. Form GID-42 shall be subscribed to and attested by the
respective officers listed on said Form.
(2) In completing Form GID-42, the following
definitions shall apply:
(a) "Product
liability insurance" means the product liability portion of any policy for
which the premiums for product liability are separately stated and indivisible
premium policies for which at least one half of the premium is for product
liability coverage.
(b) "Medical
malpractice insurance" means medical malpractice insurance reported on line 11
of the Annual Statement.
(c) "Other
liability" means the commercial portion of the premiums reported on Annual
Statement line 17 not included in any other lines of this report.
(3) Investment income shall be
allocated by the direct premiums earned for the appropriate line of business
divided by the net premiums earned for the appropriate line of business times
the net investment gain or loss and other income for appropriate line of
business.
Notes
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