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2000 SESSION
HB 762 Insurance; confidentiality of information provided to SCC.
Introduced by: Harvey B. Morgan | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Insurance; confidentiality of information provided to SCC. Excludes from subpoena or public inspection any confidential proprietary information of an insurer provided to the State Corporation Commission provided that the insurer (i) invokes such exclusion upon submission of the information for which protection from disclosure is sought, (ii) identifies the information for which protection is sought, and (iii) states the reason protection is necessary. The Commission may use the information in furtherance of regulatory or legal action and may publish aggregate findings, but may not disclose the confidential proprietary information without notice and an opportunity for hearing. Disclosure of the information to the SCC shall not cause a waiver of an existing privilege or claim of confidentiality.
SUMMARY AS PASSED HOUSE:
Insurance; confidentiality of information provided to SCC. Excludes from subpoena or public inspection any confidential proprietary information of an insurer provided to the State Corporation Commission provided that the insurer (i) invokes such exclusion upon submission of the data or other materials for which protection from disclosure is sought, (ii) identifies the data or other materials for which protection is sought, and (iii) states the reason protection is necessary. The Commission may use the information in furtherance of regulatory or legal action and may publish aggregate findings, but may not disclose the confidential proprietary information without notice and an opportunity for hearing. Disclosure of the information to the SCC shall not cause a waiver of an existing privilege or claim of confidentiality.
SUMMARY AS INTRODUCED:
Insurance; confidentiality of information provided to SCC. Excludes from subpoena or public inspection any confidential proprietary information of an insurer provided to the State Corporation Commission provided that the insurer (i) invokes such exclusion upon submission of the data or other materials for which protection from disclosure is sought, (ii) identifies the data or other materials for which protection is sought, and (iii) states the reason protection is necessary. The Commission may use the information in furtherance of regulatory or legal action and may publish aggregate findings, but may not disclose the confidential proprietary information without notice and an opportunity for hearing.