§ 27-1-3.1-14 — Confidentiality of report; public inspection; disclosures

Indiana § 27-1-3.1-14

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 3.1: Examinations

Text

(a) Upon the adoption of an examination
report under section 11(a)(1) of this chapter, the commissioner shall
continue to hold the content of the examination report as confidential
information for a period of thirty (30) days except to the extent
provided in section 10(b) of this chapter. Thereafter, the report shall be
open for public inspection.
(b) This chapter does not prevent or prohibit the commissioner from
disclosing the content of an examination report, preliminary
examination report, or results, or any matter relating thereto, to the
National Association of Insurance Commissioners, the insurance
department of any other state or country, or to law enforcement
officials of Indiana or any other state or agency of the federal
government at any time, if the agency or office receiving the report or
matters relating thereto agrees in writing to hold it confidential and in
a manner consistent with this chapter.
(c) If the commissioner determines that regulatory action is
appropriate as a result of any examination, the commissioner may
initiate any proceedings or actions authorized by law.
(d) This chapter does not limit the commissioner's authority to use
and, if appropriate, to make public any final or preliminary examination
report, any examiner or company work papers or other documents, or
any other information discovered or developed during the course of any
examination in the furtherance of any legal or regulatory action that the
commissioner may, in the commissioner's sole discretion, consider
appropriate.

Legislative History

As added by P.L.26-1991, SEC.5. Amended by P.L.130-1994, SEC.12; P.L.116-1994, SEC.16; P.L.11-2011, SEC.4.