1. (a) The commissioner may conduct an investigation, pursue an enforcement action, and take other official action that the commissioner considers appropriate to ensure compliance with section 3 of this chapter.

2. (b) With regard to a variable annuity, the commissioner may:

   1. (1) consult with the securities commissioner; and

   2. (2) use the resources of the securities commissioner;

      in making a final determination regarding any issue concerning compliance with section 3 of this chapter.

3. (c) If the securities commissioner is informed of a violation or suspected violation of section 3 of this chapter or other insurance laws of the state, the securities commissioner shall timely advise the commissioner of the violation or suspected violation.

As added by P.L.138-2005, SEC.2.