379.1406. Examination required, when, procedure. - Missouri Statutes

Examination required, when, procedure.

379.1406. An SPLRC must be examined by the director at least onceevery five years and no more frequently than once every three years. Inaddition, the director may also examine an SPLRC in the event of an eventof insolvency. The SPLRC shall pay to the director the expenses and costsof the examination as outlined in section 374.160, RSMo. Neither reports,copies of documents obtained nor preliminary work and working papers may bedisclosed without the prior written consent of the SPLRC. Such materialsshall remain confidential and are not subject to subpoena. Nothing in thissection shall prevent the director from using materials created during theexamination or obtained during the examination in furtherance of thedirector's regulatory authority granted under sections 379.1353 to379.1421. The director may grant access to materials obtained or createdduring examinations conducted under this section to public officers havingjurisdiction over the regulation of insurance in another state, the federalgovernment or another country, including a securities regulatory authority,if the officers receiving the information agree in writing to hold suchinformation in confidence and in a manner consistent with this section.

(L. 2007 S.B. 215)