<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>80808</law_id><section_number>38.2-1317.2</section_number><catch_line>Market analyses confidential</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="13">Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents</unit><unit label="article" level="3" order_by="1" identifier="4">Examinations</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> All market analyses concerning companies or <span class="dictionary">insurance</span> transactions that are obtained by the <span class="dictionary">Commission</span> from the NAIC, including information generated by any NAIC databases developed for use by regulators, and all market analyses generated by the <span class="dictionary">Commission</span> based on documents or information submitted to the <span class="dictionary">Commission</span> by a <span class="dictionary">company</span> or <span class="dictionary">person</span>, including its officers, directors, and agents, shall receive confidential treatment by the <span class="dictionary">Commission</span>, shall not be subject to <span class="dictionary">subpoena</span>, and are not public records. All working papers, recorded information, documents and copies thereof produced by, obtained by, or disclosed to the <span class="dictionary">Commission</span> or any other <span class="dictionary">person</span> in the course of a market analysis or market conduct action shall receive confidential treatment by the <span class="dictionary">Commission</span>, shall not be subject to <span class="dictionary">subpoena</span>, and are not public records. Any such disclosure to the <span class="dictionary">Commission</span> shall not constitute a <span class="dictionary">waiver</span> of confidentiality of any such documents or information. <a id="paragraph-289657" class="section-permalink" href="https://vacode.org/38.2-1317.2/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Notwithstanding other provisions to the contrary, nothing shall prevent or be construed as prohibiting the <span class="dictionary">Commission</span> from disclosing otherwise confidential information, administrative or judicial <span class="dictionary">orders</span>, or the content of any analysis or any matter related thereto, at any time to (i) a regulatory official of any <span class="dictionary">state</span> or country; (ii) the NAIC, its affiliate or its subsidiary; or (iii) a <span class="dictionary">law</span>-enforcement authority of any <span class="dictionary">state</span> or country, provided that those officials are required under their <span class="dictionary">law</span> to maintain its confidentiality. Any such disclosure by the <span class="dictionary">Commission</span> shall not constitute a <span class="dictionary">waiver</span> of confidentiality of any such documents or information. <a id="paragraph-289658" class="section-permalink" href="https://vacode.org/38.2-1317.2/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> Documents or information received in the course of a market analysis or market conduct action from the NAIC, a <span class="dictionary">law</span>-enforcement official of any <span class="dictionary">state</span> or country, or regulatory officials of any <span class="dictionary">state</span> or country that are confidential in those <span class="dictionary">jurisdictions</span> shall receive confidential treatment by the <span class="dictionary">Commission</span>, shall not be subject to <span class="dictionary">subpoena</span>, and are not public records. <a id="paragraph-289659" class="section-permalink" href="https://vacode.org/38.2-1317.2/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> Nothing in this section shall prohibit the <span class="dictionary">Commission</span> from releasing a report containing aggregated <span class="dictionary">findings</span>. <a id="paragraph-289660" class="section-permalink" href="https://vacode.org/38.2-1317.2/#D"><i class="fa fa-link"/></a></p></section></text><history>2008, c. 249.</history><metadata></metadata></law>
