CT SB00871

Requires market conduct examinations by the insurance commissioner to follow procedures and definitions in the National Association of Insurance Commissioners' Market Regulation Handbook, effective October 1, 2015.

Grants the commissioner authority to appoint market conduct examiners and examine officers, agents, and relevant persons under oath, with companies required to produce books, papers, and records for inspection.

Provides immunity from liability for the commissioner, authorized representatives, and examiners for statements and conduct made in good faith during examinations, and protects persons communicating examination information in good faith from liability.

Establishes examination reports and workpapers as confidential and privileged, not subject to public disclosure, subpoena, or discovery, except when shared with state/federal law enforcement and regulatory officials who agree to maintain confidentiality.

Authorizes the commissioner to share examination content and results with insurance regulators, law enforcement, and government agencies in other states and at the federal level, provided recipients maintain confidentiality in writing.