Section 383.077

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 383

Effective - 28 Aug 1985   

  383.077.  Reports of legal malpractice claims, contents. — 1.  Every insurer providing legal malpractice insurance to attorneys at law or a professional corporation duly engaged in the practice of law in Missouri 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 legal 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 lawyers are insured under the policy;

  (4)  How many years the insured had been in practice at the time of the alleged act or omission;

  (5)  The type of law office 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)  Whether the claim arose from an area of law normal to the insured's practice;

  (9)  The month and year of the occurrence on which the claim was based;

  (10)  The month and year when the claim was first reported to the insurer;

  (11)  The area of law in which the insured was retained by the claimant;

  (12)  The major activity in which the lawyer was engaged at the time the alleged act or omission occurred;

  (13)  The alleged act or omission which was the most significantly related to the cause of the claim being made;

  (14)  The reserve established for loss payment;

  (15)  The reserve established for loss expenses; and

  (16)  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. 1985 H.B. 657 & 337 § 2)