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WV SB568

Bill

Status

Introduced

2/21/2025

Primary Sponsor

Mike Azinger

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • 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

  • Subsequent sharing of examination materials by the Commissioner also does not waive privilege or confidentiality protections that apply to those documents

  • Adopts National Association of Insurance Commissioners (NAIC) model language to clarify confidentiality protections for entities subject to insurance examinations

  • Makes technical updates throughout the statute, replacing outdated phrasing (e.g., "shall" to "may," "must" to "shall") without changing substantive requirements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

Committee Referrals

Banking and Insurance2/21/2025

Full Bill Text

No bill text available