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2008 SESSION

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HB 336 Insurance market analyses; confidentiality. 

Introduced by: Jennifer L. McClellan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Insurance market analyses; confidentiality.  Establishes that (i) market analyses concerning insurance companies and obtained from the National Association of Insurance Commissioners, (ii) all market analyses generated by the State Corporation Commission, (iii) working papers, recorded information, and documents generated in the course of a market analysis or market conduct action, and (iv) documents or information received in the course of a market analysis or market conduct action from the NAIC, a law-enforcement official of any state or country, or regulatory officials of any state or country that are confidential in those jurisdictions shall receive confidential treatment by the Commission, shall not be subject to subpoena, and are not public records.  The measure also requires the Commission to consider the results of market analyses in determining the nature, scope, and frequency of insurance company examinations.  Finally, the measure provides that procedures for market conduct examinations shall be subject to provisions regarding confidentiality of ancillary information and immunity from liability.


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