20-158

20-158. Report of examinations by director;
information sharing

A. The director shall make a full written report of each examination. The director
or the examiner in charge of the examination shall certify the report.

B. The director shall provide a copy of the report to the person examined not less
than ten days before filing the report. If the person makes a request in writing within
the ten day period, the director shall consider any objections the person may have to the
proposed report and shall not file the report until after making any amendments the
director deems proper.

C. The report, when filed, is admissible in evidence in any action or proceeding
brought by the director against the person examined, or its officers or agents. The
director or the director's examiners may at any time testify and offer other proper
evidence as to information secured during the course of an examination, whether or not a
written report of the examination has at that time been either made, served or filed in
the director's office.

D. The director may withhold from public inspection any examination or
investigation report for as long as the director deems prudent.

E. The director may disclose the nonpublic content of a report of examination, a
preliminary report or any other matter relating to a report to the insurance department
of any other state or jurisdiction, to law enforcement officials of this or any other
state or jurisdiction or to an agency of the federal government if the agency or official
receiving the report or information agrees in writing to hold the information
confidential.

F. The director may:

1. Share nonpublic documents, materials or other information with other state,
federal and international regulatory agencies, with the national association of insurance
commissioners and its affiliates and subsidiaries and with state, federal and
international law enforcement authorities if the recipient agrees and warrants that it
has the authority to maintain the confidentiality and privileged status of the documents,
materials or other information.

2. Receive documents, materials and other information from the national association
of insurance commissioners and its affiliates and subsidiaries and from regulatory and
law enforcement officials of other jurisdictions and shall maintain as confidential or
privileged any document, material or other information received with notice or the
understanding that it is confidential or privileged under the laws of the jurisdiction
that is the source of the document, material or other information.

3. Enter into agreements that govern the sharing and use of documents, materials
and other information and that are consistent with this section.

G. A disclosure to or by the director pursuant to this section or as a result of
sharing information pursuant to subsection F is not a waiver of any applicable privilege
or claim of confidentiality in the documents, materials or other information disclosed or
shared.