1.Filing of product with commission. Insurers and 3rd-party filers seeking to have a product approved by the commission shall file the product with, and pay
applicable filing fees to, the commission. Nothing in this chapter may be construed to restrict or otherwise prevent an insurer
from filing its product with the insurance department in any state where the insurer is licensed to conduct the business of
insurance, and such filing is subject to the laws of the states where filed.
[
2003, c. 680, §1 (NEW)
.]
2.Commission to establish filing and review processes. The commission shall establish appropriate filing and review processes and procedures pursuant to commission rules and operating
procedures. Notwithstanding any other provision of this chapter, the commission shall promulgate rules to establish conditions
and procedures for providing public access to product filing information. In establishing such rules, the commission shall
consider the interests of the public in having access to such information, as well as protection of personal medical and financial
information and trade secrets that may be contained in a product filing or supporting information.
[
2003, c. 680, §1 (NEW)
.]
3.Product approved by commission may be sold in certain compacting states. Any product approved by the commission may be sold or otherwise issued in those compacting states in which the insurer is
legally authorized to do business.
[
2003, c. 680, §1 (NEW)
.]
SECTION HISTORY
2003, c. 680, §1 (NEW).
Data for this page extracted on 11/09/2009 11:20:25.