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WV SB568
Bill
Status
2/21/2025
Primary Sponsor
Mike Azinger
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AI Summary
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Adds new provision establishing that disclosure of documents, materials, communications, or information to the Insurance Commissioner during any type of market conduct examination does not waive any applicable privilege or claim of confidentiality
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Subsequent sharing of examination materials by the Commissioner also does not waive privilege or confidentiality protections that apply to those documents
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Adopts National Association of Insurance Commissioners (NAIC) model language to clarify confidentiality protections for entities subject to insurance examinations
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Makes technical updates throughout the statute, replacing outdated phrasing (e.g., "shall" to "may," "must" to "shall") without changing substantive requirements
Legislative Description
Preserving privilege and confidentiality of information required as part of market conduct examination by Insurance Commissioner
Insurance
Last Action
To Banking and Insurance
2/21/2025