ARTICLE 10.8. Corporate Governance Disclosure Act

Article 10.8 added by Stats. 2015, Ch. 213, Sec. 1.

§§ 936.1–936.9 · 9 sections

• § 936.1 (a) The purpose of this article is to provide the Insurance Commissioner a summary of an insurer or insurance group’s corporate governance structure, policies,…
• § 936.2 For the purposes of this article, the following definitions apply: (a) “Corporate Governance Annual Disclosure (CGAD)” means a confidential report filed by the…
• § 936.3 (a) An insurer, or the insurance group of which the insurer is a member, shall, no later than June 1 of each calendar year, submit to the commissioner a CGAD…
• § 936.4 The commissioner may, upon notice and opportunity for all interested parties to be heard, issue those rules, regulations, and orders as may be necessary to…
• § 936.5 (a) The insurer or insurance group shall have discretion over the responses to the CGAD inquiries, provided the CGAD contains the material information…
• § 936.6 (a) (1) Documents, materials, or other information, including the CGAD, in the possession or control of the department that are obtained by, created by, or…
• § 936.7 (a) The commissioner may retain, at the insurer's expense, third-party consultants, including attorneys, actuaries, accountants, and other experts not…
• § 936.8 Any insurer or insurer group failing, without just cause, to timely file the CGAD as required in this article shall be subject to the late filing fees set…
• § 936.9 The provisions of this article, other than Section 936.6, are severable. If any provision of this article, other than Section 936.6, or its application is held…