(1) Each insurance company licensed to do business in this state and engaged in the writing of malpractice insurance for physical therapists licensed under article 41 of title 12, C.R.S., shall send to the director of the division of professions and occupations, in the department of regulatory agencies, in the form prescribed by the commissioner of insurance, information relating to each claim involving physical therapy malpractice or against any such physical therapist that is settled or in which judgment is rendered against the insured.
(2) Every insurance company licensed to do business in this state that makes payment under a policy of insurance in settlement of a claim of physical therapy malpractice, or in satisfaction of a judgment for such malpractice, shall report to the secretary of health and human services, in accordance with 42 U.S.C. secs. 11131 and 11134, the following information:
(a) The name of any physical therapist for whose benefit the payment is made;
(b) The amount of the payment;
(c) The name, if known, of any hospital with which the physical therapist is affiliated or associated;
(d) A description of the acts or omissions and injuries or illnesses upon which the action or claim was based; and
(e) Such other information as the secretary of health and human services determines is required for appropriate interpretation of the information so reported.
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