HB 1062 Summary

• Amends section 26.1-03-10 to require the insurance commissioner to provide abstracts of annual statements in convenient form on the commissioner's website.

• Modifies section 26.1-03-19.4 subdivision 5(a) to maintain examination reports as private and confidential for 15 days after adoption, after which they may be opened for public inspection unless a court has stayed publication.

• Updates section 26.1-03-19.4 subsection 6 to clarify that all working papers, documents, and materials from financial examinations and company analysis must receive confidential treatment and are not subject to subpoena or public disclosure except as provided in other subsections.

• Creates a new subsection to section 26.1-30-19 establishing that insurance filings and supporting information are not open to public inspection or subject to open records laws (chapter 44-04) unless approved by the commissioner.