Title 33, Chapter 35, Section 16
( 33-35-16)
Every sponsor of a prepaid legal services plan shall annually on or
before March 1 file in the office of the Commissioner the following
items: (1) A statement verified by at least two of its principal officers or trustees showing the financial condition of the plan on December 31 of the preceding year, which statement shall be in such form and shall contain such matters as the Commissioner shall prescribe. A copy of such statement shall also be sent to each subscriber to the plan on or before March 31 unless such sponsor is an insurer as defined in Code Section 33-35-2 whose annual report of its affairs and operations has been filed with the Commissioner in accordance with Code Section 33-3-21; (2) A statistical summary listing the numbers and types of claims
paid and the average dollar amount of each type of claim; (3) A list of the groups currently subscribing to the plan; (4) A statement of the name, organizational form, and principal
place of business of the plan and the name, organizational form,
and principal place of business of the sponsor of the plan; (5) Copies of all advertising or solicitation material which the
plan is using; and (6) Such other pertinent and relevant information as the
Commissioner may reasonably require for the proper administration
of this chapter; provided, however, that all information furnished
under this paragraph shall be kept confidential by the
Commissioner and shall not be made public by the Commissioner or
any other person without the prior written consent of the sponsor
or insurer to which it pertains, unless the Commissioner, after
giving the sponsor or insurer who would be affected by the
information notice and opportunity to be heard, determines that
the interests of the subscribers, policyholders, or the public
will be served by the publication of the information, in which
event he may publish all or any part thereof in such manner as he
may deem appropriate except to the extent that it may be produced
in any judicial or administrative proceeding and may be admissible
in evidence therein. |