                                 CODE OF VIRGINIA

INSURANCE COMPANIES&#8217; ANALYSES CONFIDENTIAL (§ 38.2-1306.1)

A. 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.

B. Financial analyses and test ratios generated by the Commission, pursuant to
the NAIC&#8217;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. 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 &#xA7; 38.2-1306.

D. 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.

E. 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.

HISTORY: 1987, c. 691; 1994, c. 308; 1996, c. 32; 2001, c. 519; 2007, c. 488.