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A BILL TO BE ENTITLED AN ACT to provide for the reporting by the department of insurance of certain aggregate property insurance consent to rate data, as recommended by the Legislative Research Commission
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Insurance is a contract in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. Reinsurance is a process where an insurance company transfers part of its risk portfolio to another insurer.
Insurance companies and reinsurers are required to file insurance and reinsurance reports.
Insurance and reinsurance reports can be filled out online through the designated regulatory agency's website.
The purpose of insurance and reinsurance is to provide financial protection and manage risk for individuals or entities.
Information like premiums, claims, policies, and risks must be reported on insurance and reinsurance reports.
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