(a) An insurance company, in accordance with the filing requirements of a statistical plan developed under Section 2053.101, shall update and transmit to the commissioner or the commissioner’s statistical agent a claims report filed under Section 2053.151.
(b) Each insurance company that writes at least one-half of one percent of the workers’ compensation insurance in this state shall report the company’s data in a compatible electronic format prescribed by the commissioner. The commissioner shall take necessary measures to ensure the accuracy of the data and the adequacy of the electronic format for the data.