Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 71 - Reserve Liabilities
Section 7134 - Use of confidential information by department


To assist in the performance of its duties, the department may:
(1) Use confidential information in the furtherance of any regulatory or legal action brought against a company as a part of the department's official duties.
(2) Share confidential information with regulatory or law enforcement officials of this Commonwealth or other jurisdictions, IAIS, NAIC and its affiliates and subsidiaries, group-wide supervisors and members of a supervisory college under section 1406.1 of The Insurance Company Law of 1921, if prior to receiving the confidential information the recipient agrees, and has the legal authority to agree, to maintain the confidential and privileged status of the confidential information in the same manner and to the same extent as required for the commissioner.
(3) Receive, and shall maintain as confidential, any confidential information from the Actuarial Board for Counseling and Discipline or its successor, from NAIC and its affiliates and subsidiaries and from regulatory and law enforcement officials of this Commonwealth or other jurisdictions with the understanding that the documents, materials or other information received are confidential by law in those jurisdictions and shall be given the same confidential treatment provided by this subchapter.

Cross References. Section 7134 is referred to in section 7136 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