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
Chapter 71 - Reserve Liabilities
Section 7101 - Scope of chapter
Section 7103 - Special applicability provisions
Section 7104 - Notice regarding 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 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 7136 - No waiver of privilege or confidentiality
Section 7137 - Limited exceptions
Section 7141 - Single-state company exemption