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Current as of January 01, 2024 | Updated by Findlaw Staff
1. The commissioner or the commissioner's designated representative may issue a data call under this chapter whenever the commissioner deems it appropriate. The insurance company shall reply in writing to the data call within twenty days of receipt of the inquiry unless within that twenty days the company requests and the commissioner grants an extension of time.
2. For purposes of completing a data call under this section, the commissioner may inquire into any person, or the business of any person, to the extent the inquiry or investigation is, in the sole discretion of the commissioner, necessary or material to the operations of the company.
3. The commissioner may designate the national association of insurance commissioners or another representative as the repository for data call responses.
4. All materials, working papers, information, documents, and copies produced by, obtained by, or disclosed to the commissioner or any other person in the course of a data call made under this chapter, or in the course of analysis by the commissioner of the market conduct of the company:
a. Must be given confidential treatment;
b. Are not subject to subpoena; and
c. May not be made public by the commissioner or any other person, except to the extent provided in this chapter.
5. The commissioner may use the documents, materials, or other information in furtherance of any regulatory or legal action brought as part of the commissioner's official duties.
6. The commissioner may make the results of the data call available for public inspection in an aggregate and anonymized format that does not disclose information or data attributed to any specific company or person, including the name of any company or person who responded to the data call.
7. The commissioner may adopt rules to administer this section.
Cite this article: FindLaw.com - North Dakota Century Code Title 26.1. Insurance § 26.1-03-19.8. Data calls - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-26-1-insurance/nd-cent-code-sect-26-1-03-19-8/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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