{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-1306.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-1306.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-1306.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-1306.1.html"}],"law_id":76602,"edition_id":1,"section_id":76602,"structure_id":14762,"section_number":"38.2-1306.1","catch_line":"Insurance companies’ analyses confidential","history":"1987, c. 691; 1994, c. 308; 1996, c. 32; 2001, c. 519; 2007, c. 488.","full_text":"A\n\nAll regulatory or financial analyses, ratios and examination synopses concerning insurance companies or insurance transactions that are submitted to the Commission by the National Association of Insurance Commissioners (NAIC), including information generated by any NAIC databases developed for use by regulators, shall be given confidential treatment, are not subject to subpoena, and may not be made public by the Commission or any other person.B\n\nFinancial analyses and test ratios generated by the Commission, pursuant to the NAIC’s Insurance Regulatory Information System (IRIS) or Financial Analysis and Solvency Tracking (FAST) System, any successor program, or any similar program developed by the Commission, shall be given confidential treatment, are not subject to subpoena, and may not be made public by the Commission or any other person.C\n\nAll working papers, recorded information, documents and copies thereof produced by, obtained by, or disclosed to the Commission or any other person pursuant to this article shall be given confidential treatment, are not subject to subpoena, and may not be made public by the Commission or any other person, except to the extent provided in § 38.2-1306.D\n\nNotwithstanding other provisions to the contrary, nothing contained in this chapter shall prevent or be construed as prohibiting the Commission from disclosing otherwise confidential information, administrative or judicial orders, or the content of any analysis or any matter related thereto, at any time to (i) a regulatory official of any state or country; (ii) the NAIC, its affiliate or its subsidiary; or (iii) a law-enforcement authority of any state or country, provided that those officials are required under their law to maintain its confidentiality. Any such disclosure by the Commission shall not constitute a waiver of confidentiality of any such documents or information. Any parties receiving such papers shall agree in writing prior to receiving the information to provide it the same confidential treatment as required by this section, unless the prior written consent of the company to which it pertains has been obtained.E\n\nDocuments or information received from the insurance regulatory officials of any state or country which are confidential in those jurisdictions are not open to public inspection and shall receive confidential treatment by the Commission.","order_by":null,"text":{"0":{"id":274996,"text":"All regulatory or financial analyses, ratios and examination synopses concerning insurance companies or insurance transactions that are submitted to the Commission by the National Association of Insurance Commissioners (NAIC), including information generated by any NAIC databases developed for use by regulators, shall be given confidential treatment, are not subject to subpoena, and may not be made public by the Commission or any other person.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":274997,"text":"Financial analyses and test ratios generated by the Commission, pursuant to the NAIC’s Insurance Regulatory Information System (IRIS) or Financial Analysis and Solvency Tracking (FAST) System, any successor program, or any similar program developed by the Commission, shall be given confidential treatment, are not subject to subpoena, and may not be made public by the Commission or any other person.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":274998,"text":"All working papers, recorded information, documents and copies thereof produced by, obtained by, or disclosed to the Commission or any other person pursuant to this article shall be given confidential treatment, are not subject to subpoena, and may not be made public by the Commission or any other person, except to the extent provided in § 38.2-1306.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":274999,"text":"Notwithstanding other provisions to the contrary, nothing contained in this chapter shall prevent or be construed as prohibiting the Commission from disclosing otherwise confidential information, administrative or judicial orders, or the content of any analysis or any matter related thereto, at any time to (i) a regulatory official of any state or country; (ii) the NAIC, its affiliate or its subsidiary; or (iii) a law-enforcement authority of any state or country, provided that those officials are required under their law to maintain its confidentiality. Any such disclosure by the Commission shall not constitute a waiver of confidentiality of any such documents or information. Any parties receiving such papers shall agree in writing prior to receiving the information to provide it the same confidential treatment as required by this section, unless the prior written consent of the company to which it pertains has been obtained.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":275000,"text":"Documents or information received from the insurance regulatory officials of any state or country which are confidential in those jurisdictions are not open to public inspection and shall receive confidential treatment by the Commission.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":14762,"edition_id":1,"name":"Annual Statements and Other Reports","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13289,"metadata":{},"date_created":"2026-06-26 03:49:46","date_modified":"2026-06-26 03:49:46","permalink":{"id":211349,"object_type":"structure","relational_id":14762,"identifier":"1","token":"38.2\/13\/1","url":"\/38.2\/13\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13289,"edition_id":1,"name":"Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents","identifier":"13","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:44:35","date_modified":"2026-06-26 03:44:35","permalink":{"id":211347,"object_type":"structure","relational_id":13289,"identifier":"13","token":"38.2\/13","url":"\/38.2\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":81115,"structure_id":14762,"section_number":"38.2-1300","catch_line":"Annual statements","url":"\/38.2-1300\/","token":"38.2\/13\/1\/38.2-1300","metadata":false},{"id":85708,"structure_id":14762,"section_number":"38.2-1301","catch_line":"Additional reports","url":"\/38.2-1301\/","token":"38.2\/13\/1\/38.2-1301","metadata":false},{"id":63391,"structure_id":14762,"section_number":"38.2-1301.1","catch_line":"Material transaction disclosures","url":"\/38.2-1301.1\/","token":"38.2\/13\/1\/38.2-1301.1","metadata":false},{"id":76238,"structure_id":14762,"section_number":"38.2-1302","catch_line":"Extension of filing time","url":"\/38.2-1302\/","token":"38.2\/13\/1\/38.2-1302","metadata":false},{"id":78348,"structure_id":14762,"section_number":"38.2-1303","catch_line":"Printed forms to be filed by insurers; certificates to domestic insurers","url":"\/38.2-1303\/","token":"38.2\/13\/1\/38.2-1303","metadata":false},{"id":79510,"structure_id":14762,"section_number":"38.2-1304","catch_line":"False statements, reports, etc., deemed a Class 5 felony","url":"\/38.2-1304\/","token":"38.2\/13\/1\/38.2-1304","metadata":false},{"id":78544,"structure_id":14762,"section_number":"38.2-1305","catch_line":"Voluntary reports","url":"\/38.2-1305\/","token":"38.2\/13\/1\/38.2-1305","metadata":false},{"id":56521,"structure_id":14762,"section_number":"38.2-1306","catch_line":"Reports to be open to public inspection","url":"\/38.2-1306\/","token":"38.2\/13\/1\/38.2-1306","metadata":false},{"id":76602,"structure_id":14762,"section_number":"38.2-1306.1","catch_line":"Insurance companies' analyses confidential","url":"\/38.2-1306.1\/","token":"38.2\/13\/1\/38.2-1306.1","metadata":false}],"previous_section":{"id":56521,"structure_id":14762,"section_number":"38.2-1306","catch_line":"Reports to be open to public inspection","url":"\/38.2-1306\/","token":"38.2\/13\/1\/38.2-1306","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-1306.1\/","history_text":"

This law was first created in 1987. The record of its establishment is cataloged in chapter 691 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1987 \u201cActs\u201d aren\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1994, chapter 308<\/a>; in 1996, chapter 32<\/a>; in 2001, chapter 519<\/a>; in 2007, chapter 488<\/a>.<\/p>","references":[{"id":67952,"section_number":"38.2-4319","catch_line":"Statutory construction and relationship to other laws","order_by":null,"url":"\/38.2-4319\/"}],"refers_to":false,"permalink":{"id":211383,"object_type":"law","relational_id":76602,"identifier":"38.2-1306.1","token":"38.2\/13\/1\/38.2-1306.1","url":"\/38.2-1306.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-1306.1\/","token":"38.2\/13\/1\/38.2-1306.1","dublin_core":{"Title":"Insurance companies’ analyses confidential","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-1306.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> All regulatory or financial analyses, ratios and examination synopses concerning insurance<\/span> companies or insurance<\/span> transactions that are submitted to the Commission<\/span> by the National Association of Insurance<\/span> Commissioners<\/span> (NAIC), including information generated by any NAIC databases developed for use by regulators, shall be given confidential treatment, are not subject to subpoena<\/span>, and may not be made public by the Commission<\/span> or any other person<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Financial analyses and test ratios generated by the Commission<\/span>, pursuant to the NAIC’s Insurance<\/span> Regulatory Information System (IRIS) or Financial Analysis and Solvency Tracking (FAST) System, any successor program, or any similar program developed by the Commission<\/span>, shall be given confidential treatment, are not subject to subpoena<\/span>, and may not be made public by the Commission<\/span> or any other person<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> All working papers, recorded information, documents and copies thereof produced by, obtained by, or disclosed to the Commission<\/span> or any other person<\/span> pursuant to this article shall be given confidential treatment, are not subject to subpoena<\/span>, and may not be made public by the Commission<\/span> or any other person<\/span>, except to the extent provided in § 38.2-1306<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Notwithstanding other provisions to the contrary, nothing contained in this chapter shall prevent or be construed as prohibiting the Commission<\/span> from disclosing otherwise confidential information, administrative or judicial orders<\/span>, or the content of any analysis or any matter related thereto, at any time to (i) a regulatory official of any state<\/span> or country; (ii) the NAIC, its affiliate or its subsidiary; or (iii) a law<\/span>-enforcement authority of any state<\/span> or country, provided that those officials are required under their law<\/span> to maintain its confidentiality. Any such disclosure by the Commission<\/span> shall not constitute a waiver<\/span> of confidentiality of any such documents or information. Any parties receiving such papers shall agree in writing prior to receiving the information to provide it the same confidential treatment as required by this section, unless the prior written consent of the company<\/span> to which it pertains has been obtained. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Documents or information received from the insurance<\/span> regulatory officials of any state<\/span> or country which are confidential in those jurisdictions<\/span> are not open to public inspection and shall receive confidential treatment by the Commission<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINSURANCE COMPANIES’ ANALYSES CONFIDENTIAL (\u00a7 38.2-1306.1)\n\nA. All regulatory or financial analyses, ratios and examination synopses\nconcerning insurance companies or insurance transactions that are submitted to\nthe Commission by the National Association of Insurance Commissioners (NAIC),\nincluding information generated by any NAIC databases developed for use by\nregulators, shall be given confidential treatment, are not subject to subpoena,\nand may not be made public by the Commission or any other person.\n\nB. Financial analyses and test ratios generated by the Commission, pursuant to\nthe NAIC’s Insurance Regulatory Information System (IRIS) or Financial\nAnalysis and Solvency Tracking (FAST) System, any successor program, or any\nsimilar program developed by the Commission, shall be given confidential\ntreatment, are not subject to subpoena, and may not be made public by the\nCommission or any other person.\n\nC. All working papers, recorded information, documents and copies thereof\nproduced by, obtained by, or disclosed to the Commission or any other person\npursuant to this article shall be given confidential treatment, are not subject\nto subpoena, and may not be made public by the Commission or any other person,\nexcept to the extent provided in § 38.2-1306.\n\nD. Notwithstanding other provisions to the contrary, nothing contained in this\nchapter shall prevent or be construed as prohibiting the Commission from\ndisclosing otherwise confidential information, administrative or judicial\norders, or the content of any analysis or any matter related thereto, at any\ntime to (i) a regulatory official of any state or country; (ii) the NAIC, its\naffiliate or its subsidiary; or (iii) a law-enforcement authority of any state\nor country, provided that those officials are required under their law to\nmaintain its confidentiality. Any such disclosure by the Commission shall not\nconstitute a waiver of confidentiality of any such documents or information. Any\nparties receiving such papers shall agree in writing prior to receiving the\ninformation to provide it the same confidential treatment as required by this\nsection, unless the prior written consent of the company to which it pertains\nhas been obtained.\n\nE. Documents or information received from the insurance regulatory officials of\nany state or country which are confidential in those jurisdictions are not open\nto public inspection and shall receive confidential treatment by the Commission.\n\nHISTORY: 1987, c. 691; 1994, c. 308; 1996, c. 32; 2001, c. 519; 2007, c. 488.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}