(a) Procedures for review.--The review of the CGAD and any
additional requests for information shall be made by or through
the lead state or, in the case of an insurer that is not part of
an insurance group, the department.
(b) Duplicative filings.--An insurer or insurance group
providing information substantially similar to the information
required by this chapter in other documents provided to the
department, including proxy statements filed in conjunction with
registration requirements or other Federal or State filings
provided to the department, is not required to duplicate that
information in the CGAD but shall only be required to cross-
reference the document in which the information is included.
§ 3906. Third-party consultants.
(a) Assistance with review.--The department may retain, at
the insurer or insurance group's expense, third-party
consultants, including attorneys, actuaries, accountants and
other experts not otherwise a part of the department's staff as
may be reasonably necessary to assist the department in
reviewing the CGAD, CGAD-related information or the insurer's or
insurance group's compliance with this chapter. Before retaining
a third-party consultant, the department shall consider all of
the following:
(1) The complexity of the corporate governance structure
of the insurer or insurance group.
(2) Whether subject matter expertise to effectively
review the report is available within the department.
(b) Advisory capacity.--A person retained under subsection
(a) shall be under the direction and control of the department
and shall act in a purely advisory capacity.
(c) Confidentiality.--Each third-party consultant shall be
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