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

Indiana Statutes

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

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

(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

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(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.

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