WILLIAM DONALD SCHAEFER, Governor

(G) IN THE ANNUAL REPORT REQUIRED OF AN INSURER UNDER THIS
SECTION, THE INSURER SHALL LIST THE DOLLAR AMOUNT OF EARNED
PREMIUMS, THE DOLLAR AMOUNT OF CLAIMS PAID, THE DOLLAR AMOUNT OF
CLAIMS INCURRED BUT NOT PAID, LOSS RATIO, AND COMBINED LOSS RATIO
FOR EACH OF THE FOLLOWING TYPES OF RISKS OR COVERAGES:

(1) MUNICIPAL LIABILITY;

(2) CHILD CARE LIABILITY;

(3) ERRORS AND OMISSIONS LIABILITY FOR PUBLIC
OFFICIALS AND OFFICERS AND DIRECTORS;

(4) PROFESSIONAL LIABILITY;

(5) PUBLIC CARRIER LIABILITY; AND

(6) ANY OTHER TYPE OF RISK OR COVERAGE DESIGNATED BY
THE COMMISSIONER.

(F) (H) THE COMMISSIONER SHALL DEVELOP A UNIFORM STATEMENT
OR FORMAT SPECIFYING THE DATA CATEGORIES LISTED UNDER THIS
SECTION. THIS STATEMENT OR FORMAT SHALL BE USED BY ALL INSURERS
FILING REPORTS UNDER THIS SECTION.

(G) (I) THE REPORT REQUIRED UNDER THIS SECTION SHALL
CONTAIN A DECLARATION PRECEDING THE SIGNATURE OF THE MAKER OF THE
REPORT THAT THE REPORT IS MADE UNDER PENALTY OF PERJURY.

SECTION 2. AND BE IT FURTHER ENACTED, That the Insurance
Commissioner shall collect the information required under this
Act and shall produce a report on or before October 1 of each

year. This report shall be submitted to the Governor and the

Legislative Policy Committee, and in accordance with § 2-1312 of
the State Government Article, to the General Assembly. This
report shall contain the data required under Article 48A, § 245,
an analysis of the data with conclusions by the Insurance
Commissioner on the financial performance of insurers in Maryland
as compared with other states, an assessment of the status of
those lines of insurance required to report under this Act, and
recommendations, if appropriate, for statutory or administrative
changes that can reduce or contain costs of the lines of

insurance required to report under this Act. The Insurance

Commissioner shall provide a copy of this report to any person on
request.

SECTION 2. 3. AND BE IT FURTHER ENACTED, That the first
report required by this Act shall be filed on or before March 1,
1988.

- 3529 -