1. (A) Information submitted pursuant to the provisions of this chapter is confidential and may not be made public by the director or an agent or employee of the director without the written consent of the company, except that information may be discoverable by a party in a civil action or contested case to which the submitting captive insurance company is a party, upon a showing by the party seeking to discover the information that:

   1. (1) the information sought is relevant to and necessary for the furtherance of the action or case and the information sought is unavailable from other nonconfidential sources; or
   2. (2) a subpoena applicable to the information is issued by a judicial or administrative law officer of competent jurisdiction has been submitted to the director.

2. (B) The director may disclose the information to the public officer having jurisdiction over the regulation of insurance in another state if:

   1. (1) the public official agrees in writing to maintain the confidentiality of the information; and
   2. (2) the laws of the state in which the public official serves require the information to be confidential.

HISTORY: 2004 Act No. 291, Section 13, eff July 29, 2004; 2014 Act No. 282 (S.909), Section 6, eff June 10, 2014; 2018 Act No. 251 (H.4675), Section 1, eff May 18, 2018.

Effect of Amendment

2014 Act No. 282, Section 6, rewrote the section.

2018 Act No. 251, Section 1, reenacted the section with no apparent change.