NAC686B.385. Reporting thresholds.

     1. For general liability insurance, insurers shall report data based on the reporting thresholds established in this section. The thresholds must be based on an analysis of an insurer’s premium volume by type and class. The analysis must be made at least once every 3 years by a statistical agent. Any changes made to an insurer’s reporting level must be applied on a prospective basis only.

     2. An insurer shall report at least quarterly pursuant to the specifications for the commercial general liability statistical plans adopted by the Commissioner if it:

     (a) Is in the 80th percentile of the total written premiums for all types of commercial general liability insurance across the country;

     (b) Has more than 1 percent of the written premiums in this State for all types of commercial general liability insurance; or

     (c) Has more than $5,000,000 of written premiums in this State for all types of commercial general liability insurance.

     3. An insurer shall report at least quarterly in selected market detail pursuant to the specifications for the commercial general liability statistical plans adopted by the Commissioner if it does not meet the criteria established in subsection 2 and it:

     (a) Has more than $1,000,000 of written premiums in this State for a selected market; or

     (b) Has more than 10 percent of the written premiums in this State for a selected market and more than $100,000 of written premiums for that market.

     4. An insurer shall report at least annually pursuant to the specifications for the commercial general liability statistical plans adopted by the Commissioner if it does not meet the criteria established in subsection 2, but is in the 98th percentile of the total written premiums in this State for all types of commercial general liability insurance.

     5. An insurer shall report at least annually in selected market detail pursuant to the specifications for the commercial general liability statistical plans adopted by the Commissioner if it does not meet the criteria established in this section, but has more than 10 percent of the written premiums in this State for a selected market and less than $100,000 written premiums for that market.

     6. The experience of all other insurers and any experience not reported pursuant to subsections 2 to 5, inclusive, must be reported annually pursuant to the specifications for the commercial general liability statistical plans adopted by the Commissioner.

     (Added to NAC by Comm’r of Insurance, eff. 1-12-89)