§ 27-71-9. Market conduct surveillance personnel.
(a) Market conduct surveillance personnel shall be qualified by education, experience
and, where applicable, professional designations. The commissioner may supplement
the in-house market conduct surveillance staff with qualified outside professional
assistance if he or she determines that such assistance is necessary.
(b) Market conduct surveillance personnel have a conflict of interest, either directly
or indirectly, if they are affiliated with the management, have been employed by,
or own a pecuniary interest in the insurer subject to any examination unde
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§ 27-71-9. Market conduct surveillance personnel.
(a) Market conduct surveillance personnel shall be qualified by education, experience
and, where applicable, professional designations. The commissioner may supplement
the in-house market conduct surveillance staff with qualified outside professional
assistance if he or she determines that such assistance is necessary.
(b) Market conduct surveillance personnel have a conflict of interest, either directly
or indirectly, if they are affiliated with the management, have been employed by,
or own a pecuniary interest in the insurer subject to any examination under this chapter
within the most recent five (5) years prior to the use of the personnel. This section
shall not be construed to automatically preclude an individual from being:
(1) A policyholder or claimant under an insurance policy;
(2) A grantee of a mortgage or similar instrument on the individual's residence from a
regulated entity if done under customary terms and in the ordinary course of business;
(3) An investment owner in shares of regulated diversified investment companies; or
(4) A settlor or beneficiary of a "blind trust� into which any otherwise permissible holdings
have been placed.