The privilege established under ORS 731.761 does not apply to any of the following:

1. (1) Documents, communications, data, reports or other information expressly required to be collected, developed, maintained or reported to a regulatory agency under the Insurance Code or other state or federal law;
2. (2) Information obtained by observation or monitoring by any regulatory agency; or
3. (3) Information obtained from a source other than the insurance compliance audit.

[2001 c.329 §7]