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Insurance industry and department back bill clarifying privileged material in market‑conduct exams
Summary
House Bill 74, modeled on NAIC language, would clarify that producing otherwise‑privileged materials to the Department of Insurance during market‑conduct examinations does not constitute a waiver of privilege; industry groups and the department expressed support or no objection at the committee hearing.
The Senate Banking, Business, Insurance and Technology Committee on March 26 heard testimony on House Bill 74, a measure intended to align Delaware law with model language used by other states to protect privileged communications when insurers produce files for market‑conduct examinations.
Senator Spiroz Mansovinos framed the proposal as mirroring…
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