§ 27-2-18-10 — Reports as confidential information; exceptions

Indiana § 27-2-18-10

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 2: POWERS AND DUTIES OF INSURERS
• Ch. 18: Disclosure of Material Transactions

Text

(a) Except as provided in subsections (b) and
(c), any report obtained by or disclosed to the commissioner under this
chapter:
(1) shall be confidential information; and
(2) shall not, without the prior written consent of the insurer to
which it pertains, be:
(A) subject to subpoena; or
(B) made public by the commissioner, the National Association
of Insurance Commissioners, or any other person.
(b) A report obtained under this chapter may be made available to
other departments of insurance in other states subject to IC 27-1-3-10.5.
(c) The commissioner may, after giving notice and an opportunity
to be heard to the insurer that would be affected by the release of
information under this chapter:
(1) determine that the interests of policyholders, shareholders, or
the public will be served by the publication of information in the
report under section 7 of this chapter; and
(2) publish all or any part of the information in such manner as
the commissioner considers appropriate.
(d) The commissioner may not:
(1) disclose; or
(2) subject to subpoena;
financial information regarding material transactions disclosed by an
insurer under this chapter.

Legislative History

As added by P.L.251-1995, SEC.17.