LD 2058
pg. 2
Page 1 of 6 An Act Relative to Insurance Compliance Self-audit Page 3 of 6
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LR 2387
Item 1

 
C.__An implementation plan that addresses correcting past
noncompliance, improving current compliance and preventing
future noncompliance; or

 
D.__Analytic data generated in the course of conducting the
insurance compliance self-audit.

 
§492.__Privilege

 
This section creates a privilege.

 
1.__Privilege established.__An insurance compliance self-audit
document is privileged information and is not discoverable or
admissible as evidence in any civil or criminal legal action or
in any administrative proceeding, except as provided in sections
493 and 494.__If any insurance compliance self-audit document
provided by an insurer to the commissioner or the superintendent
is disclosed to a 3rd party by the superintendent's office, that
document is not admissible as evidence in any civil or criminal
legal action or administrative proceeding.

 
2.__Privilege extends to individuals.__An insurance compliance
self-audit may be conducted by the insurer, its employees or by
independent contractors.__If any insurer, person or entity
performs or directs the performance of an insurance compliance
self-audit, an officer or employee involved with the insurance
compliance self-audit or any consultant who is hired for the
purpose of performing the insurance compliance self-audit may not
be examined in any civil, criminal or administrative proceeding
as to the insurance compliance self-audit or any insurance
compliance self-audit document.__This subsection does not apply
if the privilege set forth in subsection 1 is determined under
section 493 and 494 not to apply.

 
3.__Voluntary submission does not constitute waiver.__An
insurer may voluntarily submit, in connection with examinations
conducted under chapter 3, an insurance compliance self-audit
document to the superintendent, or the superintendent's designee,
as a confidential document without waiving the privilege set
forth in this subchapter to which the insurer would otherwise be
entitled.__The superintendent may order the production to the
bureau of an insurance compliance self-audit document in
conjunction with examinations conducted under Title 24-A, chapter
3.__Such production by order is considered involuntary.__Any
provisions permitting the superintendent to make records and
reports public, as well as provisions permitting the
superintendent to exchange information and data with the National
Association of Insurance Commissioners or its successor
organization, do not apply to any insurance compliance self-audit


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