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Pursuant to North Carolina G.S. 90-14.13 (c), liability insurance companies are required to report certain information to the NC Medical Board. This includes insurance awards or settlements made on behalf of NCMB, as well as any nonrenewals or cancellations of coverage that are made for cause. The information gathered in these reports is confidential and used for the NCMB’s investigative purposes only. A different statute, N.C.G.S. 90-5.2, requires licensees to report certain malpractice payments to the Board for inclusion in the licensee’s public information page on this website.
The section of 90-14.13 that pertains to liability insurance companies appear below. The statute authorizes the Board to report any failures to comply with the law to the NC Department of Insurance, which may levy fines of up to $250 for the first offense and up to $500 for each additional offense.
90-14.13 (c) The chief administrative officer of each insurance company providing professional liability insurance for physicians who practice medicine in North Carolina, the administrative officer of the Liability Insurance Trust Fund Council created by G.S. 116-220, and the administrative officer of any trust fund or other fund operated or administered by a hospital authority, group, or provider shall report to the Board within 30 days any of the following:
Any award of damages or settlement of any claim or lawsuit affecting or involving a person licensed under this Article that it insures.
Any cancellation or nonrenewal of its professional liability coverage of a physician, if the cancellation or nonrenewal was for cause.
A malpractice payment that is reportable pursuant to Title IV of P.L. 99-660, the Health Care Quality Improvement Act of 1986, as amended, not otherwise reportable under subdivision (1) or (2) of this subsection.
At this time, the Board accepts paper copies of liability insurance payment reports. Download a copy of the reporting form by clicking the button at right.