(a) Each insurer shall submit to the board the report or other information described by Section 160.053 at the time prescribed. The insurer shall provide the report or information with respect to:
(1) a complaint filed against an insured in a court, if the complaint seeks damages relating to the insured's conduct in providing or failing to provide a medical or health care service; and
(2) settlement of a claim without the filing of a lawsuit or settlement of a lawsuit made on behalf of the insured involving damages relating to the insured's conduct in providing or failing to provide a medical or health care service.
(b) A physician practicing medicine in this state shall report the information required under Section 160.053 if the physician:
(1) does not carry or is not covered by medical professional liability insurance; or
(2) is insured by a nonadmitted carrier or other entity providing medical liability insurance that is not reporting under this subchapter.