DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 185 Engrossed 2015 Regular Session Lorusso
Abstract: Provides relative to the authority of the insurance commissioner to maintain and to share
confidential information with certain state, federal, and international entities.
Present law requires the insurance commissioner to maintain as confidential any document received
from certain entities which is confidential under the law of the state that sent the document or the
applicable laws and regulations of the federal agency.
Proposed law additionally requires the commissioner to maintain as confidential those documents
that are confidential under the laws of jurisdictions other than a state or a federal agency.
Present law authorizes the commissioner to share such documents, including otherwise confidential
documents, with such entities if the recipient agrees to maintain the confidentiality of those
documents which are confidential under the laws of this state.
Proposed law additionally requires that the receiving entity have the legal ability to agree to maintain
confidentiality of the documents.
Present law specifies the following entities:
(1)The National Association of Insurance Commissioners (NAIC).
(2)Insurance departments of other states.
(3)International, federal, or state law enforcement agencies.
(4)International, federal, or state regulatory agencies with statutory oversight over the financial
services industry.
Proposed law additionally includes the following entities:
(1) Affiliates of the NAIC.
(2)Insurance departments of foreign countries.
(3)Other agencies of this state or the U.S. (4) The National Assn. of Registered Agents and Brokers.
(5) The International Assn. of Insurance Supervisors.
(6) The Bank for International Settlements.
Present law provides that this sharing of confidential documents is not a waiver of privilege or
confidentiality. Further authorizes the commissioner to use such confidential documents in any
official regulatory or legal action.
Proposed law retains present law.
Present law provides relative to confidentiality of information in the custody of the Dept. of
Insurance, including prohibiting the disclosure of such information pursuant to the Public Records
Law. Specifies confidential identifiers, including names, birth dates, social security numbers, and
zip codes.
Proposed law prohibits the commissioner from sharing with agencies or entities outside the
jurisdiction of the U. S. an individual's identifying information as provided in present law.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 22:2(B))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Insurance to the original bill:
1. Add the following to the list of entities with which the commissioner may share
information: the National Assn. of Registered Agents and Brokers, the International
Assn. of Insurance Supervisors, and the Bank for International Settlements.
2. Add the prohibition against the commissioner sharing with agencies or entities outside
the jurisdiction of the U. S. an individual's identifying information as provided in present
law.