Title 33, Chapter 55, Section 1
( 33-55-1)
(a) Every insurer domiciled in this state shall file a report with
the Commissioner disclosing material acquisitions and dispositions
of assets or material nonrenewals, cancellations, or revisions of
ceded reinsurance agreements unless such acquisitions and
dispositions of assets or material nonrenewals, cancellations, or
revisions of ceded reinsurance agreements have been submitted to the
Commissioner for review, approval, or information purposes pursuant
to other provisions of this title, regulations, or other
requirements. (b)(1) The report required in subsection (a) of this Code section
is due within 15 days after the end of the calendar month in which
any of the covered transactions occur. (2) One complete copy of the report, including any exhibits or
other attachments filed as part thereof, shall be filed with: (A) The Commissioner of Insurance; and (B) The National Association of Insurance Commissioners. (c) All reports obtained by or disclosed to the Commissioner
pursuant to this Code section shall be given confidential treatment,
shall not be subject to subpoena, and shall not be made public by
the Commissioner, the National Association of Insurance
Commissioners, or any other person, except to insurance departments
of other states, without the prior written consent of the insurer to
which it pertains unless the Commissioner, after giving the insurer
who would be affected thereby notice and an opportunity to be heard,
determines that the interest of policyholders, shareholders, or the
public will be served by the publication thereof, in which event the
Commissioner may publish all or any part thereof in such manner as
he or she may deem appropriate. |