Federal & State Reporting

ISMIE Mutual, like all professional liability insurance companies, is required by law to report indemnity payments to state and federal agencies. If an indemnity payment is made on your behalf, whether by settlement or by verdict, mandatory reports will be submitted to the Illinois Department of Financial and Professional Regulation (IDFPR) and the National Practitioner Data Bank (NPDB) pursuant to the Medical Practice Act of 1987 225 ICLS, 60/23 and Federal Law Title IV of Public Law 99-660, respectively.

As your Physician-First Insurer we understand that settlement of a medical liability claim may occur for a variety of reasons that do not necessarily reflect negatively on the physician's professional competence or conduct. We realize that a settlement payment should never be construed as a presumption that medical negligence has occurred.

However, as a reporting entity we must provide an accurate description of the acts or omissions and injuries or illnesses upon which the medical liability action or alleged claims was based. Another unique aspect of being insured with ISMIE is that we allow our policyholders to see a working copy of the report before we submit the final report to IDFPR and NPDB. While we are mandated by law to report, we want you to feel comfortable with the accuracy of the information being submitted.