                                 CODE OF VIRGINIA

PUBLICATION AND USE OF EXAMINATION REPORTS (§ 38.2-1320.4)

A. Upon the filing of the examination report under subdivision 1 of &#xA7;
38.2-1320.2, the Commission shall continue to hold the content of the
examination report as private and confidential information for a period of ten
days except to the extent provided in &#xA7; 38.2-1320.3. Thereafter, the
Commission may open the report for public inspection so long as no court of
competent jurisdiction has stayed its publication.

B. Nothing contained in this Code shall prevent or be construed as prohibiting
the Commission from disclosing the content of an examination report, preliminary
examination report or results, or any matter relating 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,
so long as such agency, authority or office receiving the report or matters
relating thereto agrees in writing to hold it confidential and in a manner
consistent with this article. Any such disclosure by the Commission shall not
constitute a waiver of confidentiality of any such reports or any matter
relating thereto.

C. In the event the Commission determines that regulatory action is appropriate
as a result of any examination, it may initiate any proceedings or actions as
provided by law.

HISTORY: 1992, c. 588; 2001, c. 519.