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DE SB43

Bill

Status

Passed

4/8/2014

Primary Sponsor

Brian Bushweller

Click for details

Origin

Senate

147th General Assembly

AI Summary

  • Amends Delaware Code Title 18 to authorize the Commissioner to share confidential and privileged documents with state and federal insurance, banking, and securities regulators, as well as the National Association of Insurance Commissioners and International Association of Insurance Supervisors.

  • Requires that information shared with outside entities be maintained as confidential, not subject to subpoena, and not made public without prior written consent of both the providing entity and the affected company.

  • Permits the Commissioner to enter into agreements governing the sharing, confidentiality, security, and use of information consistent with state law and other applicable provisions.

  • Expands the definition of confidential examination materials in Section 321(g) to include documents and information obtained during the Commissioner's analysis of a company's financial condition or market conduct, in addition to examination materials.

  • Takes effect immediately upon enactment.

Legislative Description

An Act To Amend Title 18 Of The Delaware Code Relating To Information Sharing Among State And Federal Regulators And The National Association Of Insurance Commissioners.

Last Action

Signed by Governor

4/8/2014

Committee Referrals

Economic Development/Banking/Insurance/Commerce6/11/2013
Insurance4/16/2013

Full Bill Text

No bill text available