ENROLLED
Senate Bill No. 508
(By Senator Minard)
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[Passed April 14, 2001; in effect ninety days from passage.]
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AN ACT to amend and reenact section seven, article twenty-seven,
chapter thirty-three of the code of West Virginia, one
thousand nine hundred thirty-one, as amended, relating to the
confidential treatment of materials filed in accordance with
the "Model Insurance Holding Company Systems Act".
Be it enacted by the Legislature of West Virginia:
That section seven, article twenty-seven, chapter thirty-three
of the code of West Virginia, one thousand nine hundred thirty-one,
as amended, be amended and reenacted to read as follows:
ARTICLE 27. INSURANCE HOLDING COMPANY SYSTEMS.
§33-27-7. Confidential treatment.
All information, documents and copies thereof obtained by or
disclosed to the commissioner or any other person in the course of
an examination or investigation made pursuant to section six of this article and all information reported pursuant to sections four
and five of this article, shall be given confidential treatment and
are not subject to subpoena and may not be made public by the
commissioner or any other person, except to insurance departments
of other states, without the prior written consent of the insurer
to which it pertains unless the commissioner, after giving the
insurer and its affiliates who would be affected thereby, notice
and opportunity to be heard, determines that the interests of
policyholders, shareholders or the public will be served by the
publication thereof, in which event he or she may publish all or
any part thereof in such manner as he or she may consider
appropriate.