                                 CODE OF VIRGINIA

MARKET ANALYSES CONFIDENTIAL (§ 38.2-1317.2)

A. All market analyses concerning companies or insurance transactions that are
obtained by the Commission from the NAIC, including information generated by any
NAIC databases developed for use by regulators, and all market analyses
generated by the Commission based on documents or information submitted to the
Commission by a company or person, including its officers, directors, and
agents, shall receive confidential treatment by the Commission, shall not be
subject to subpoena, and are not public records. All working papers, recorded
information, documents and copies thereof produced by, obtained by, or disclosed
to the Commission or any other person in the course of a market analysis or
market conduct action shall receive confidential treatment by the Commission,
shall not be subject to subpoena, and are not public records. Any such
disclosure to the Commission shall not constitute a waiver of confidentiality of
any such documents or information.

B. Notwithstanding other provisions to the contrary, nothing 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.

C. Documents or information received in the course of a market analysis or
market conduct action from the NAIC, a law-enforcement official of any state or
country, or regulatory officials of any state or country that are confidential
in those jurisdictions shall receive confidential treatment by the Commission,
shall not be subject to subpoena, and are not public records.

D. Nothing in this section shall prohibit the Commission from releasing a report
containing aggregated findings.

HISTORY: 2008, c. 249.