(a) Not later than the 30th day after the date an insurer receives from an insured a complaint filed in a lawsuit, a settlement of a claim without the filing of a lawsuit, or a settlement of a lawsuit against the insured, the insurer shall furnish to the board:
(1) the name of the insured and the insured's Texas medical license number;
(2) the policy number;
(3) a copy of the complaint or settlement; and
(4) a copy of any expert report filed under Section 74.351, Civil Practice and Remedies Code.
(b) The board, in consultation with the commissioner, shall adopt rules for reporting additional information as the board requires. In adopting the rules, the board shall consider other claim reports required under state and federal statutes in determining the information to be reported, form of the report, and frequency of reporting. The rules adopted by the board under this subsection must require that the following additional information be reported:
(1) the date of a judgment, dismissal, or settlement;
(2) whether an appeal has been taken and by which party; and
(3) the amount of the settlement or judgment against the insured.
Official text of the Texas Occupations Code as published by the Texas Legislative Council.