Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 52 - REGULATION TO REQUIRE REPORTING OF STATISTICAL DATA AND MARKET AVAILABILITY INFORMATION BY PROPERTY AND CASUALTY INSURANCE COMPANIES
Section 210-52-008 - General liability reporting thresholds

Universal Citation: 210 NE Admin Rules and Regs ch 52 § 008

Current through September 17, 2024

Insurers shall report on general liability insurance in accordance with the following reporting level thresholds. These thresholds are based on an analysis of individual insurer premium volume by line and class. Such an analysis shall be made at least every three years by the statistical agent. Any resulting changes to an insurer's reporting level will apply on a prospective basis only.

008.01 Quarterly Reporting

008.01A An insurer must report at least quarterly in accordance with the specifications of commercial general liability statistical plans filed with the Director if it is large enough to meet any of the following criteria:

008.01A(1) It is in the 80th percentile of the total countrywide written premium for all commercial general liability lines; or

008.01A(2) It has greater than one percent of the statewide written premium for all commercial general liability lines.

008.01B An insurer must report at least quarterly in selected market detail consistent with the specifications of commercial general liability statistical plans filed with the Director if it has not already met the above criteria for reporting quarterly but does meet any of the following criteria:

008.01B(1) It has greater than $1 million written premium statewide for a selected market; or

008.01B(2) It has greater than ten percent of written premium statewide for a selected market and greater than $100,000 written premium for that market.

008.02 Annual Reporting

008.02A An insurer must report at least annually in accordance with the specifications of commercial general liability statistical plans filed with the Director if it has not already met the criteria in (1)(a) for reporting quarterly but it is in the 98th percentile of the total statewide written premium for all commercial general liability lines.

008.02B An insurer must report at least annually in selected market detail consistent with the specification of commercial general liability statistical plans filed with the Director if it has not already met any of the above criteria but it has greater than ten percent of written premium statewide for a selected market and less than $100,000 written premium for that market.

008.02C The experience of all other insurers and any experience not reported in accordance with subsections 008.01A and 008.01B above shall be reported annually in accordance with commercial general liability statistical plans filed with the Director.

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