Sec. 10.5. (a) As used in this section, "confidential information" means information that has been designated as confidential by statute, rule, or regulation issued under a statute.

(b) The commissioner may not:

(1) disclose; or

(2) subject to subpoena;

financial information regarding material transactions disclosed by an insurer under IC 27-2-18.

(c) The commissioner may not disclose any information, including any document or report received from:

(1) the National Association of Insurance Commissioners; or

(2) an insurance department of another state;

if the information is designated as confidential information in the other jurisdiction.

(d) The commissioner may share confidential information with:

(1) the National Association of Insurance Commissioners; or

(2) an insurance department of another state;

on the condition that the National Association of Insurance Commissioners and the other state agree to maintain the same level of confidentiality that is provided to the information under Indiana law.

(e) The commissioner may share confidential information related to a health benefit exchange established under the federal Patient Protection and Affordable Care Act (P.L. 111-148), as amended by the federal Health Care and Education Reconciliation Act of 2010 (P.L. 111-152), with the health benefit exchange if the health benefit exchange:

(1) agrees to maintain the same level of confidentiality that is provided to the confidential information under Indiana law; and

(2) complies with all applicable confidentiality requirements under federal law.

As added by P.L.251-1995, SEC.1. Amended by P.L.278-2013, SEC.20.