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CT SB00159

Bill

Status

Introduced

2/18/2016

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2016 General Assembly

AI Summary

  • Authorizes the Insurance Commissioner to conduct market conduct examinations of insurance companies, health care centers, third-party administrators, and fraternal benefit societies in accordance with the National Association of Insurance Commissioners' Market Regulation Handbook.

  • Clarifies that domestic insurance companies and health care centers are not liable for salaries, fringe benefits, or travel and maintenance expenses of examining personnel, except when examined outside the state.

  • Provides immunity from liability for the Commissioner, authorized representatives, and examiners acting in good faith during examinations, and for persons communicating information in good faith during examinations.

  • Establishes confidentiality protections for examination workpapers, recorded information, and documents, which are not subject to subpoena and cannot be made public except to regulatory officials, law enforcement, or government agencies that agree in writing to maintain confidentiality.

  • Makes data provided in response to data calls exempt from public disclosure under the state's freedom of information statute.

Legislative Description

An Act Concerning The Insurance Department's Market Conduct Authority And Data Call Confidentiality.

Last Action

Senate Recommitted to Insurance and Real Estate

5/3/2016

Committee Referrals

Government Administration and Elections4/1/2016
Insurance and Real Estate2/18/2016

Full Bill Text

No bill text available