South Dakota § 58-26-104 Exceptions to confidentiality of information.

South Dakota Statutes

§ 58-26-104 — Exceptions to confidentiality of information.

South Dakota·Title 58 INSURANCE·Ch. 58-26 VALUATION OF ASSETS, LIABILITIES AND RESERVES

Notwithstanding § 58-26-103 , any confidential information specified in subdivisions 58-26-102(1) and (4):

(1)May be subject to subpoena for the purpose of defending an action seeking damages from the appointed actuary submitting the related memorandum in support of an opinion submitted pursuant to §§ 58-26-46 to 58-26-55.1 , inclusive, or principle-based valuation report developed pursuant to subdivision 58-26-99(3), by reason of an action required by this chapter or by regulations promulgated hereunder;

(2)May otherwise be released by the director with the written consent of the company; and (3) Once any portion of a memorandum in support of an opinion submitted pursuant to §§ 58-26-46 to 58-26-55.1 , inclusive, or a principle-based valuation report developed pursuant to subdi

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Notwithstanding § 58-26-103 , any confidential information specified in subdivisions 58-26-102(1) and (4): (1) May be subject to subpoena for the purpose of defending an action seeking damages from the appointed actuary submitting the related memorandum in support of an opinion submitted pursuant to §§ 58-26-46 to 58-26-55.1 , inclusive, or principle-based valuation report developed pursuant to subdivision 58-26-99(3), by reason of an action required by this chapter or by regulations promulgated hereunder; (2) May otherwise be released by the director with the written consent of the company; and (3) Once any portion of a memorandum in support of an opinion submitted pursuant to §§ 58-26-46 to 58-26-55.1 , inclusive, or a principle-based valuation report developed pursuant to subdivision 58-26-99(3), is cited by the company in its marketing or is publicly volunteered to or before a governmental agency other than a state insurance department or is released by the company to the news media, all portions of such memorandum or report is no longer confidential.

South Dakota § 58-26-104 (Exceptions to confidentiality of information.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.