§ 27-71-14. Additional duties of the commissioner.
(a) At least once per year, or more frequently if deemed necessary, the commissioner shall
make available in an appropriate manner to insurers and other entities subject to
the scope of this chapter information on new laws and regulations, and other information
the commissioner deems pertinent to ensure compliance with market conduct requirements.
The failure of the commissioner to provide information shall not be a defense for
an insurer that fails to comply with any insurance laws of this state.
(b) Insurers who or that wish to receive the information ind
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§ 27-71-14. Additional duties of the commissioner.
(a) At least once per year, or more frequently if deemed necessary, the commissioner shall
make available in an appropriate manner to insurers and other entities subject to
the scope of this chapter information on new laws and regulations, and other information
the commissioner deems pertinent to ensure compliance with market conduct requirements.
The failure of the commissioner to provide information shall not be a defense for
an insurer that fails to comply with any insurance laws of this state.
(b) Insurers who or that wish to receive the information indicated in subsection (a) above
shall provide to the commissioner, in a form specified by the commissioner, contact
information. The insurer is responsible for keeping that contact information up-to-date
and informing the commissioner of any changes.
(c) The commissioner shall designate a specific person or persons whose responsibilities
shall include the receipt of information from employees of insurers and licensed entities
concerning violations of laws, rules, or regulations by employers, as defined in this
section. Such person or persons shall be provided with proper training on the handling
of such information, which shall be deemed a confidential communication for the purposes
of this section.
(d) For any change made by the commissioner to procedures, guidelines, handbooks, or other
work products of the NAIC referenced in this chapter, which materially changes the
way in which market analysis, market conduct actions, or market conduct examinations
are conducted, the commissioner shall give notice and provide parties with an opportunity
for a public hearing pursuant to the Administrative Procedures Act, chapter 35 of title 42.