1. Lines of Business: Terminology and definition
Business Interruption Insurance: means insurance that covers the loss of income, continuing
fixed expenses, or extra expenses a business suffers after a disaster while its facility is either
closed because of the disaster or in the process of being rebuilt after the disaster.
Commercial Auto Insurance: means liability and physical damage insurance that covers vehicles
used for commercial purposes.
Commercial Property Insurance: means all property not categorized as residential property. This
does not include claims for business interruption insurance.
Farm Owners Insurance: means insurance that provides liability coverage and a coverage for
damage to physical structures and other property located on a farm.
Homeowners Insurance: means insurance for a residential property provided under a homeowner's
insurance policy; condominium owner's policy; mobile homeowner's policy; renter's policy; or a
noncommercial farm owner's policy.
Private Passenger Auto Insurance: means liability and physical damage insurance that covers a
vehicle driven for personal use. This includes automobiles, motor cycles and recreational vehicles.
Privately Issued flood Insurance: means specific insurance coverage against property loss from
flooding under any policy or endorsement, issued by an entity other than the National Flood Insurance
Program (NFIP).
Workers' Compensation Insurance: means insurance providing wage replacement and medical benefits
to employees injured in the course of employment in exchange for mandatory relinquishment of the
employee's right to the employee's employer for the tort of negligence. This includes associated
employer's liability coverage.
All other lines: means any line of business or coverage that is not included in the above list
for which claims attributable to the severe event subject to a data call were reported. This does not
include mortgage/financial guaranty, title, fidelity, surety, medical malpractice or professional
liability lines of insurance.
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2. Supply the following by zip code or county for each line of business:
Number of claims received: This means all claims reported regardless of whether a payment was
received.
Amount paid on claims to date: The dollar amount paid on claims to date.
Number of claims closed with payment: This includes all claims closed where a loss payment was
made regardless of the date of loss or when the claim was received. This does not include claims closed
where loss adjustment expense was incurred but no payment to the insured was made.
Number of claims closed without payment: This includes all claims closed where no loss payment
was made regardless of the date of loss or when the claim was received. This means all claims closed
where loss adjustment expense was incurred but no payment to the insured was made.
Percentage of claims closed: Closed claim means a claim that has been settled and the claimant
has received payment, even if the claimant may receive additional payment or payments from the insurer,
or if the claimant provides additional information to the insurer regarding the replacement of other
costs as they are incurred. A closed claim includes a claim where the insured does not receive payment
because the amount is less than the deductible. A closed claim includes claims that are withdrawn by the
insured or denied by the insurer.
Average time it took to close a claim: Closed claim means a claim that has been settled and the
claimant has received payment, even if the claimant may receive additional payment or payments from the
insurer, or if the claimant provides additional information to the insurer regarding the replacement of
other costs as they are incurred. A closed claim includes a claim where the insured does not receive
payment because the amount is less than the deductible. A closed claim includes claims that are
withdrawn by the insured or denied by the insurer.
For each line of business supply the following on a Statewide basis:
- Number of Maryland claims received
- Amount paid on Maryland claims to date
- Number of Maryland claims closed with payment
This includes all claims closed where a loss payment was made regardless of the date of loss or when the
claim was received. This does not include claims closed where loss adjustment expense was incurred but
no payment to the insured was not made.
Number of Maryland claims closed without payment: This includes all claims closed where no loss
payment was made regardless of the date of loss or when the claim was received. This means all claims
closed where loss adjustment expense was incurred but no payment to the insured was made.
Percentage of Maryland claims closed: Closed claim means a claim that has been settled and the
claimant has received payment, even if the claimant may receive additional payment or payments from the
insurer, or if the claimant provides additional information to the insurer regarding the replacement of
other costs as they are incurred. A closed claim includes a claim where the insured does not receive
payment because the amount is less than the deductible. A closed claim includes claims that are
withdrawn by the insured or denied by the insurer.
Average time it took to close a claim: Closed claim means a claim that has been settled and the
claimant has received payment, even if the claimant may receive additional payment or payments from the
insurer, or if the claimant provides additional information to the insurer regarding the replacement of
other costs as they are incurred. A closed claim includes a claim where the insured does not receive
payment because the amount is less than the deductible. A closed claim includes claims that are
withdrawn by the insured or denied by the insurer.
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