Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 71 - Reserve Liabilities
Section 7131 - Confidential information defined


As used in this subchapter, the following words and phrases shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"Confidential information." Any of the following:
(1) A memorandum in support of an opinion submitted under section 7113 (relating to actuarial opinion of reserves prior to operative date of valuation manual) or 7114 (relating to actuarial opinion of reserves on or after operative date of valuation manual) and any other documents, materials and other information, including all working papers and copies thereof, created, produced or obtained by or disclosed to the commissioner or any other person in connection with the memorandum.
(2) All documents, materials and other information, including all working papers and copies thereof, created, produced or obtained by or disclosed to the commissioner or any other person in the course of an examination made under section 7125(d) (relating to valuation manual for policies issued on or after operative date of valuation manual), except that confidential information shall not include an examination report or other material prepared in connection with an examination made under Article IX of the act of May 17, 1921 (P.L.789, No.285), known as The Insurance Department Act of 1921, to the extent not held to be private and confidential information under section 905 of The Insurance Department Act of 1921.
(3) Reports, documents, materials and other information developed by a company in support of or in connection with an annual certification by the company under section 7126(b)(2) (relating to requirements of principle-based valuation), which evaluates the effectiveness of the company's internal controls regarding a principle-based valuation, and any other documents, materials and other information, including all working papers and copies thereof, created, produced or obtained by or disclosed to the commissioner or any other person in connection with the reports, documents, materials and other information.
(4) A principle-based valuation report developed under section 7126(b)(3) and any other documents, materials and other information, including all working papers and copies thereof, created, produced or obtained by or disclosed to the commissioner or any other person in connection with the report.
(5) Experience data, experience materials and any other documents, materials, data and other information, including all working papers and copies thereof, created, produced or obtained by or disclosed to the commissioner or any other person in connection with experience data or experience materials.

Cross References. Section 7131 is referred to in section 7137 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 40 - INSURANCE

Chapter 71 - Reserve Liabilities

Extra - Chapter Notes

Section 7101 - Scope of chapter

Section 7102 - Definitions

Section 7103 - Special applicability provisions

Section 7104 - Notice regarding operative date of valuation manual

Section 7105 - Regulations

Section 7111 - Reserve valuation for policies and contracts issued prior to operative date of valuation manual

Section 7112 - Reserve valuation for policies and contracts issued on or after operative date of valuation manual

Section 7113 - Actuarial opinion of reserves prior to operative date of valuation manual

Section 7114 - Actuarial opinion of reserves on or after operative date of valuation manual

Section 7115 - Computation of minimum standard

Section 7116 - Computation of minimum standard for annuities

Section 7117 - Computation of minimum standard by calendar year of issue

Section 7118 - Reserve valuation method for life insurance and endowment benefits

Section 7119 - Reserve valuation method for annuity and pure endowment benefits

Section 7120 - Minimum reserves

Section 7121 - Optional reserve calculation

Section 7122 - Reserve calculation for valuation net premium exceeding gross premium charged

Section 7123 - Reserve calculation for indeterminate premium plans

Section 7124 - Minimum standard for accident and health insurance contracts

Section 7125 - Valuation manual for policies issued on or after operative date of valuation manual

Section 7126 - Requirements of principle-based valuation

Section 7127 - Experience reporting for policies in force on or after operative date of valuation manual

Section 7131 - Confidential information defined

Section 7132 - General rule for confidential information

Section 7133 - Private civil actions

Section 7134 - Use of confidential information by department

Section 7135 - Agreements

Section 7136 - No waiver of privilege or confidentiality

Section 7137 - Limited exceptions

Section 7141 - Single-state company exemption

Section 7142 - Small company exemption

Section 7151 - Effect on The Insurance Company Law of 1921