The Professional Liability Data Report is required under North Carolina General Statute §NCGS 58-2-170 (a) and (b), §NCGS 58-2-190 and 11 NCAC 16.0104. Every insurer, self-insurer, and risk retention group authorized to write “professional liability” insurance in North Carolina must complete a verification form, whether or not it wrote premium in the year; and a data call if $25,000 or more in "professional liability" premium was written in the calendar year. The Professional Liability Data Report is requested by the Actuarial Services Division each year following the Annual Statement report and is typically due mid-year.
"Professional liability" insurance includes medical malpractice plus insurance on other professionals such as lawyers, accountants, and directors and officers. The term “professional liability” corresponds to North Carolina lines of authority 13b (Other Personal Injury Liability) and 14b (Other Property Damage Liability), or to Annual Statement line of business 11 (Medical Malpractice) and a portion of line 17 (Other Liability).
For more information on the Professional Liability Data Report, please send an email to actprofliab@ncdoi.net or call (919) 733-3284 ext. 257.
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