Loss information definition
Loss information means the aggregate claims experience of the group insurance policy or contract. "Loss information" includes the amount of premium received, the amount of claims paid and the loss ratio. "Loss information" does not include any information or data pertaining to the medical diagnosis, treatment or health status that identifies an individual covered under the group contract or policy. [PL 1995, c. 71, §2 (NEW).]
Loss information means the following items: the name of the insured, the date of the loss, the date the claim was received by the insurer, a description of the loss, any amount paid by the insurer on account of the loss, any amount reserved for the loss and whether the claim is open or closed. [PL 1989, c. 696, §2 (NEW).]
Loss information means information on open, closed and potential Claims, including date, description, and payment amounts, if any.
Examples of Loss information in a sentence
The Insurer will provide Loss Information to the Company within ten (10) days of the Company's request or, if required by statute, at the same time as any notice of cancellation or nonrenewal of this Policy.