Sec. 10. (a) Except as provided in subsections (b) and (c), any report obtained by or disclosed to the commissioner under this chapter:

(1) shall be confidential information; and

(2) shall not, without the prior written consent of the insurer to which it pertains, be:

(A) subject to subpoena; or

(B) made public by the commissioner, the National Association of Insurance Commissioners, or any other person.

     (b) A report obtained under this chapter may be made available to other departments of insurance in other states subject to IC 27-1-3-10.5.

     (c) The commissioner may, after giving notice and an opportunity to be heard to the insurer that would be affected by the release of information under this chapter:

(1) determine that the interests of policyholders, shareholders, or the public will be served by the publication of information in the report under section 7 of this chapter; and

(2) publish all or any part of the information in such manner as the commissioner considers appropriate.

     (d) The commissioner may not:

(1) disclose; or

(2) subject to subpoena;

financial information regarding material transactions disclosed by an insurer under this chapter.

As added by P.L.251-1995, SEC.17.