California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 17.2 - Actuarial Confidentiality and Conflict of Interest Regulation
Section 2581.2 - Maintenance of Confidentiality
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Before retaining an independent actuary for examination of long-term care insurance rates, the Commissioner shall require a written declaration by the actuary that:
1. the actuary shall not disclose to another party, other than the California Department of Insurance, and shall protect from unauthorized use, any confidential information obtained in the course of examining long-term care insurance rate filings, unless authorized to do so by the company or required by law; and
2. the actuary shall not disclose to another party and shall protect from unauthorized use, all confidential information obtained from the California Department of Insurance in the course of examining long-term care insurance rate filings.
With respect to this Section, "confidential information" means information not in the public domain, including information of a proprietary nature and information that is legally restricted from circulation.
1. New section filed 2-26-2002; operative 3-28-2002 (Register 2002, No. 9).
