New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 2 - INSURANCE COMPANY LICENSING AND OPERATION
Part 10 - CORPORATE GOVERNANCE ANNUAL DISCLOSURE
Section 13.2.10.10 - CONFIDENTIALITY
Universal Citation: 13 NM Admin Code 13.2.10.10
Current through Register Vol. 35, No. 6, March 26, 2024
A. Documents, materials and other information, including the CGAD, that are in the possession or control of OSI and that were submitted to OSI pursuant to this rule are confidential as provided by Chapter 59A Article 4, NMSA 1978.
B. To assist in the performance of the superintendent's regulatory duties, the superintendent:
(1) May, upon request, share documents,
materials or other CGAD-related information including otherwise confidential,
privileged, proprietary and trade secret documents and materials, with other
state, federal and international financial regulatory agencies, including
members of any supervisory college as defined in the Insurance Holding Company
System rule, 13.2.2 NMAC, with the NAIC, and with third party consultants
pursuant to 13.2.10.11 NMAC, provided that the recipient agrees in writing to
maintain the confidentiality and privileged status of the CGAD-related
documents, material or other information and has verified in writing the legal
authority to maintain confidentiality; and
(2) May receive documents, materials or other
CGAD-related information, including otherwise confidential, privileged,
proprietary and trade secret documents and materials, from regulatory officials
of other state, federal and international financial regulatory agencies,
including members of any supervisory college as defined in the Insurance
Holding Company System rule, 13.2.2 NMAC, and from the NAIC, and shall maintain
as confidential or privileged any documents, materials or information received
with notice or the understanding that it is confidential or privileged under
the laws of the jurisdiction that is the source of the document, material or
information.
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