§ 23-66-607. Customer privacy
No person, depository institution, or affiliate of a depository institution who lends money or extends credit may release, without the express consent of the customer, borrower, mortgagor, or purchaser: (1) Insurance information of a customer relative to a policy which is required by the credit transaction, for the purpose of soliciting, selling, or replacing such […]
§ 23-66-608. Authorization to promulgate rules
The Insurance Commissioner may promulgate rules to effectuate the purposes of this subchapter.
§ 23-66-609. Prohibited activities
No person, depository institution, or affiliate of a depository institution who lends money or extends credit may: (1) Use an advertisement or other insurance promotional material that would cause a reasonable person to mistakenly believe that the federal government or the state is responsible for the insurance sales activity of or stands behind the credit […]
§ 23-66-610. Commissioner’s powers — Administrative proceedings
(a) The Insurance Commissioner shall have the power to examine and investigate the insurance activities of depository institutions in order to determine whether a depository institution has been or is engaged in any unfair trade practice prohibited by this subchapter. (b) The commissioner shall notify the appropriate bank regulatory agency of the commissioner’s intent to […]
§ 23-66-701. Legislative findings and intent
The General Assembly hereby finds that registry numbers issued to physicians by the Drug Enforcement Administration are protected numbers not intended for use by insurance companies and health maintenance organizations. Pharmacists are prohibited by law from selling or dispensing controlled substances without a physician’s Drug Enforcement Administration registry number, and disclosure of the registry number […]
§ 23-66-509. Other law enforcement of regulatory authority
This subchapter shall not: (1) Preempt the authority or relieve the duty of other law enforcement or regulatory agencies to investigate, examine, and prosecute suspected violations of law; (2) Prevent or prohibit a person from voluntarily disclosing information concerning insurance fraud to a law enforcement or regulatory agency other than the Criminal Investigation Division; or […]
§ 23-66-702. Drug Enforcement Administration registry numbers
(a) Health carriers shall not require physicians, pharmacists, or other persons or entities to disclose a physician’s Drug Enforcement Administration registry number for the purposes of identification, payment to a pharmacist, reimbursement of a patient, or any other reason. (b) “Health carrier” means any insurance company or health maintenance organization subject to the following laws: […]
§ 23-66-510. Insurer antifraud initiative
(a) Insurers shall have antifraud initiatives reasonably calculated to detect, prosecute, and prevent fraudulent insurance acts. Antifraud initiatives may include, but are not limited to: (1) Fraud investigators, who may be insurer employees or independent contractors; or (2) An antifraud plan submitted to the Insurance Commissioner. Antifraud plans submitted to the commissioner shall be privileged […]
§ 23-66-511. Rules
The Insurance Commissioner may promulgate reasonable rules deemed necessary by the commissioner for the administration of this subchapter.
§ 23-66-512. Penalties
A person who violates this subchapter is subject to the following: (1) (A) Suspension or revocation of license, civil penalties of up to ten thousand dollars ($10,000) per violation, or both. (B) Suspension or revocation of license and imposition of civil penalties shall be pursuant to an order of the Insurance Commissioner issued under § […]