Missouri Revised Statutes













Chapter 383

Malpractice Insurance

←383.060

Section 383.062.1

383.067→

August 28, 2015

Reports of real estate malpractice, contents.

383.062. 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.



(L. 1986 H.B. 1393 § 2)







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