Texas Insurance Code
§ 830.009 — AGREEMENT CONCERNING CONFIDENTIAL AND PRIVILEGED INFORMATION
IN § 830.009Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 830. OWN RISK AND SOLVENCY ASSESSMENT
Statute text
View on source(a)The commissioner shall enter into a written agreement with the National Association of Insurance Commissioners or a third-party consultant that governs the sharing and use of information provided under this chapter. The agreement must comply with and contain all the requirements listed in this section.
(b)The agreement must specify procedures and protocols regarding the confidentiality and security of information shared with the National Association of Insurance Commissioners or third-party consultant under this chapter, including procedures and protocols for sharing by the National Association of Insurance Commissioners with other state regulators from states in which the insurance group has domiciled insurers.
(c)The agreement must provide that the recipient:
(1)agrees in writing to maintain the confidential and privileged status of the own risk and solvency assessment-related documents, materials, or other information; and
(2)has verified in writing the legal authority to maintain the confidential and privileged status of the information.
(d)The agreement must specify that ownership of information shared with the National Association of Insurance Commissioners or third-party consultant under this chapter remains with the commissioner and that the National Association of Insurance Commissioners' or third-party consultant's use of the information is subject to the direction of the commissioner.
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Legislative history
Added by Acts 2015, 84th Leg., R.S., Ch. 39 (S.B. 655), Sec. 1, eff. May 19, 2015.