33-2-721. Product liability insurer -- report. (1) Each insurance company doing business in this state that insures against product liability losses shall make and file with the department of insurance, on or before April 1 of each year, a report for the year ending December 31 immediately preceding, upon a form to be prescribed and that may be furnished by the department.
     (2) The report shall include the following information:
     (a) the amount of product liability insurance premiums collected for the year, indicating the amount of premiums allocable to Montana and the total nationwide amount;
     (b) information for product liability insurance experience, separately allocated to Montana and nationwide, showing the:
     (i) total amount of earned premiums;
     (ii) total amount of incurred losses, including all loss adjustment expense;
     (iii) amount of reserves for both reported and unreported incurred losses; and
     (iv) amount of other reserves for other product liability losses; and
     (c) for any claim, loss, or action for bodily injury, death, or property damage allocated to Montana experience if there has been a final judgment or a settlement in any amount or if there has been a final disposition not resulting in a loss payment on behalf of the insured:
     (i) a description of the type of product involved in each claim;
     (ii) the date of occurrence from which each claim arose;
     (iii) the state or other jurisdiction wherein each claim was adjudicated, settled, or other disposition made;
     (iv) the date legal action commenced, if filed;
     (v) a brief description of the occurrence out of which the claim arose;
     (vi) the total number of all claims;
     (vii) the total number of all claims closed without payments; and
     (viii) such other information as the department may require.

     History: En. Sec. 1, Ch. 615, L. 1979; amd. Sec. 1, Ch. 60, L. 1983.