Georgia fire marshal urges insurers to comply with data requests for quarterly reportBy Kate O'Kelly | July 27, 2016
Georgia Code § 25-2-32(a) requires:
“…The various fire insurance companies doing business in this state shall submit to the Commissioner, quarterly, a report stating all the losses sustained by them, together with such pertinent data as may be required by the Commissioner.”
On July 1, the Office of Insurance and Safety Fire Commissioner reminded insurers to comply with the request to submit quarterly data to the commissioner in Directive-16-EX-3.
Georgia’s quarterly fire loss report contains the following data, as requested by the State Fire Marshal’s Office:
- summary of total fire claims for the quarter
- summary of total loss amounts for the quarter
To properly compile the statistics required for its quarterly report, Georgia requires a monetary amount in each fire loss claim reported to ISO ClaimSearch. For property claims (UP01 record) the "Paid Amount" field will need to be populated and for auto claims (UV01 or UP02 records) the "Settlement Amount" field is required. Upon release of the ISO ClaimSearch® Fire Marshal Dashboard, which is expected to be published soon, companies will have the ability to view and update, through the Georgia exception page, all claims missing the requested information. Claims missing this information will need to be updated before the start of each calendar quarter.
We’ve provided coding tags below for those particular items to assist with programming for the specific fields.
ISO ClaimSearch will continue to have an open line of communication with the State Fire Marshal’s Office in Georgia and provide any further updates to our members as they become available.
Reporting fire loss claims on behalf of member companies to specific state fire marshals is one of the many benefits ISO ClaimSearch provides to member companies. If you wish to have ISO ClaimSearch report on your company’s behalf to the Georgia State Fire Marshall’s Office, please send an email to ClaimSearchCompliance@iso.com.