Effective - 28 Aug 1986
383.062. Reports of real estate malpractice, contents. — 1. Every insurer providing real estate malpractice insurance to persons, corporations, copartnerships or associations licensed under the provisions of chapter 339 and all employees of the foregoing acting in the course and scope of their employment shall submit a confidential report to the director on January first of each year containing all claims for real estate malpractice made against any of its insureds during the preceding twelve-month period.
2. The report shall be in writing and on a form prescribed by the director. One form shall be completed for each claim and the form shall contain the following information relating to each claim:
(1) The insurer's claim number;
(2) The city population where the claim was made;
(3) How many real estate brokers and agents are insured under the policy;
(4) How many years the insured had been licensed at the time of the alleged act or omission;
(5) The type of real estate office or entity of which the insured is a member;
(6) The relationship of the insured to the claimant;
(7) Whether the claim arose after the insured made an attempt to collect a fee;
(8) The month and year of the occurrence on which the claim was based;
(9) The month and year when the claim was first reported to the insurer;
(10) The alleged act or omission which was the most significantly related to the cause of the claim being made;
(11) The reserve established for loss payment;
(12) The reserve established for loss expenses; and
(13) The amount of the insured's deductible.
3. The insurer shall, within six months of final disposition of the claim, report to the director the final outcome of the claim including any payments made.
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(L. 1986 H.B. 1393 § 2)
Structure Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 383 - Malpractice Insurance
Section 383.005 - Definitions.
Section 383.016 - Articles of association and bylaws, additional contents.
Section 383.020 - Director to issue license, when.
Section 383.033 - Association treated as mutual insurance company, tax purposes.
Section 383.037 - Rates, requirements.
Section 383.040 - Medical malpractice association exempt from premium tax.
Section 383.060 - Definitions.
Section 383.062 - Reports of real estate malpractice, contents.
Section 383.067 - Immunity granted person reporting and director.
Section 383.069 - Confidentiality of information and reports.
Section 383.075 - Definitions.
Section 383.077 - Reports of legal malpractice claims, contents.
Section 383.079 - Duty of director to issue statistical summary.
Section 383.081 - Immunity granted person reporting and director.
Section 383.083 - Confidentiality of information and reports.
Section 383.100 - Definitions.
Section 383.107 - Publication of market rate.
Section 383.108 - Publication of comparison of base rates.
Section 383.110 - Reports, when due, form of.
Section 383.115 - Information confidential, exception.
Section 383.120 - Immunity granted persons reporting and to director.
Section 383.130 - Definitions.
Section 383.150 - Definitions.
Section 383.165 - Additional first year charge to policyholders.
Section 383.170 - Persons eligible to apply for coverage — eligibility requirements.
Section 383.175 - Board of directors, composition — expenses, payment of authorized.
Section 383.180 - Annual statement, when due, contents of.
Section 383.185 - Annual examination required, cost of, how paid.
Section 383.190 - Appeals and review.
Section 383.195 - Termination of plan, when.
Section 383.200 - Definition of insurer.
Section 383.203 - Rates filed with director — form — open to public, copies.
Section 383.209 - Rate increases over fifteen percent prohibited without notice, exception.