20-390. Modeling and data organizations; filing with director; confidentiality

A. A modeling and data organization shall not conduct its operations in this state until it files with the director:

1. A copy of its constitution, charter, articles of organization, agreement, association or incorporation and a copy of its bylaws and any other rules or regulations governing its activities.

2. A list of its insurer members and subscribers, if applicable.

3. The name and address of one or more residents of this state upon whom notices, process affecting it or orders of the director may be served.

B. A modeling and data organization shall promptly file any amendments to a document required to be filed pursuant to this section.

C. A modeling and data organization shall file with the director models to be used by insurers in this state for making rates. The director may require the modeling and data organization to file supporting data or any additional information related to the content of the model and the outputs of the model necessary to verify that the model complies with the requirements of this title.

D. Models, any supporting data or additional information requested by the director and model outputs filed by modeling and data organizations pursuant to subsection c of this section are confidential and not subject to subpoena or title 39, chapter 1.

E. It is unlawful for a modeling and data organization to engage in any unfair or unreasonable practice.