LD 1907
pg. 19
Page 18 of 38 An Act To Govern and Regulate Life Settlements Page 20 of 38
Download Bill Text
LR 2724
Item 1

 
to discovery or admissible in evidence in any private civil
action if they are:

 
(1)__Created, produced or obtained by or disclosed to
the National Association of Insurance Commissioners, or
its successor organization, and its affiliates and
subsidiaries in the course of assisting an examination
made under this chapter or assisting a superintendent
in the analysis or investigation of the financial
condition or market conduct of a licensee; or

 
(2) Disclosed to the National Association of Insurance
Commissioners, or its successor organization, and its
affiliates and subsidiaries under paragraph D by a
superintendent.

 
D.__The superintendent and any person that receives
documents, material or other information while acting under
the authority of the superintendent, including the National
Association of Insurance Commissioners, or its successor
organization, and its affiliates and subsidiaries, may not
testify in any private civil action concerning any
confidential documents, materials or information subject to
paragraph A.

 
E.__In order to assist in the performance of the
superintendent's duties, the superintendent:

 
(1) May share documents, materials or other
information, including the confidential and privileged
documents, materials or information subject to
paragraph A, with other state, federal and
international regulatory agencies, with the National
Association of Insurance Commissioners, or its
successor organization, and its affiliates and
subsidiaries and with state, federal and international
law enforcement authorities, as long as the recipient
agrees to maintain the confidentiality and privileged
status of the documents, materials, communication or
other information; and

 
(2) May receive documents, materials, communications or
information, including otherwise confidential and privileged
documents, materials or information, from the National
Association of Insurance Commissioners, or its successor
organization, and its affiliates and subsidiaries and from
regulatory and law enforcement officials of foreign or other
domestic jurisdictions and shall maintain as confidential or
privileged any document, material or information received with
notice


Page 18 of 38 Top of Page Page 20 of 38