§ 23-63-1903. Annual statement of actuarial opinion, actuarial opinion summary, and supporting documentation required
(a) (1) Unless exempted by the Insurance Commissioner, a property and casualty insurance company doing business in this state shall annually file with the commissioner a statement of actuarial opinion and an actuarial opinion summary. (2) A property and casualty insurance company licensed but not domiciled in this state shall provide the actuarial opinion summary […]
§ 23-63-1904. Liability of appointed actuary
An appointed actuary is not liable for damages to any person other than the property and casualty insurance company or the Insurance Commissioner, or both the property and casualty insurance company and the commissioner, for any act, error, omission, decision, or conduct with respect to the actuary’s statement of actuarial opinion, except in cases of […]
§ 23-63-1905. Confidentiality
(a) The statement of actuarial opinion shall be filed with the annual statement required by § 23-63-216 and treated as a public record under the Freedom of Information Act of 1967, § 25-19-101 et seq. (b) (1) Documents, materials, or other information in the possession or control of the State Insurance Department that are considered […]
§ 23-63-2001. Title
This subchapter shall be known and may be cited as the “Corporate Governance Annual Disclosure Act”.
§ 23-63-2002. Purpose — Intent
(a) The purpose of this subchapter is to: (1) Provide the Insurance Commissioner a summary of the corporate governance structure, policies, and practices of an insurer or insurance group to allow the commissioner an opportunity to gain and maintain a better understanding of the corporate governance framework of an insurer operating in this state; (2) […]
§ 23-63-2003. Definitions
As used in this subchapter: (1) “Corporate governance annual disclosure” means a confidential report filed by an insurer or insurance group made according to this subchapter; (2) “Insurance group” means those insurers and affiliates included within an insurance holding company system as defined in the Insurance Holding Company Regulatory Act, § 23-63-501 et seq.; (3) […]
§ 23-63-2004. Submission of corporate governance annual disclosure to Insurance Commissioner required
(a) (1) On or before June 1 of each calendar year, an insurer, or the insurance group of which the insurer is a member, shall submit a corporate governance annual disclosure to the Insurance Commissioner. (2) The corporate governance annual disclosure required under subdivision (a)(1) of this section shall contain the information described in § […]
§ 23-63-2005. Corporate governance annual disclosure
(a) (1) The insurer or insurance group shall have discretion over the responses to the corporate governance annual disclosure inquiries or questions if the corporate governance annual disclosure contains the material information necessary to permit the Insurance Commissioner to gain an understanding of the insurer’s or insurance group’s corporate governance structure, policies, and practices. (2) […]
§ 23-63-2006. Confidentiality
(a) Documents, materials, or other information, including the corporate governance annual disclosure, in the possession or control of the State Insurance Department and obtained by, created by, or disclosed to the Insurance Commissioner or any other person under this subchapter, is recognized by this state as being proprietary and containing trade secrets. (b) (1) The […]
§ 23-63-1804. Recoupments — Required disclosures
If a health care insurer exercises recoupment, then the health care insurer shall provide the health care provider written documentation that specifies the: (1) Amount of the recoupment; (2) Covered person’s name to whom the recoupment applies; (3) Patient identification number; (4) Date or dates of service; (5) Service or services on which the recoupment […]