- (1) The board of directors may, upon a majority vote, make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency.
- (2) At the conclusion of any domestic insurer insolvency in which the association was obligated to pay covered claims, the board of directors may, upon a majority vote, prepare a report on the history and causes of the insolvency, based on the information available to the association and submit the report to the commissioner.
- (3) Reports and recommendations provided under this section shall not be considered public documents.
To aid in the detection and prevention of insurer insolvencies:
History of Section.
P.L. 2010, ch. 91, § 3; P.L. 2010, ch. 117, § 3.