P.R. Laws tit. 26, § 4325

2019-02-20 00:00:00+00
§ 4325. Confidentiality

(1) The information submitted to the Commissioner according to this chapter, and the regulations adopted thereunder by the Commissioner, shall be maintained confidential, except:

(a) When the disclosure of said information is required by law or court order, or

(b) by formal request from a domestic or foreign government agency in the exercise of its supervisory duties, when the Commissioner has grounds to believe that it is in the best public interest. In such cases, the information shall be provided under a binding agreement with the government agency concerned to maintain the confidential nature of said information. Provided, That this exception shall in no case be extended to information regarding the clients of the international insurer.

(c) The Commissioner may, at his/her discretion, disclose said information in all cases in which the disclosure is made for purposes of assisting the Commissioner or any other authority in the exercise of regulatory duties.

History —Ins. Code, added as § 61.250 on Sept. 22, 2004, No. 399, § 1, eff. 180 days after Sept. 22, 2004.