33-23-503. Market review. (1) After providing notice to all insurers eligible to sell medical malpractice insurance in this state, including eligible surplus lines insurers, the commissioner shall perform a market review to determine the availability of medical malpractice insurance before implementing a market assistance plan under 33-23-507 or a joint underwriting association under 33-23-508.
(2) The commissioner shall compile a list of insurers in the voluntary market.
(3) After holding a hearing, the commissioner shall determine whether medical malpractice insurance is reasonably available pursuant to subsection (4) for:
(a) health care providers, other than health care facilities; or
(b) health care facilities.
(4) In determining whether medical malpractice insurance is reasonably available, the commissioner shall consider whether:
(a) there is a significant likelihood of a lack of available health care services to the public because of the cost or unavailability of medical malpractice insurance;
(b) a significant portion of the members of a class of health care providers:
(i) cannot obtain medical malpractice insurance from medical malpractice insurers for reasons not attributable to negligence, neglect, oversight, or willfulness of the health care providers; or
(ii) is uninsured as a result of new underwriting restrictions unrelated to the acts or omissions of the health care providers or because of the insolvency of a medical malpractice insurer.
History: En. Sec. 3, Ch. 475, L. 2005.
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