Information filed with the director is confidential and may not be disclosed without the prior written consent of the SPLRC, except: (1) Information is discoverable in civil litigation provided: (a) The SPLRC is found by the court to be a necessary party; (b) The party seeking the information demonstrates by a clear and convincing standard that the information sought is relevant and necessary; and (c) Where it is unavailable from other nonconfidential sources; (2) The director may disclose the information to insurance regulators if: (a) The regulator agrees in writing to maintain the confidentiality of the information; and (b) The laws of the state in which the regulator serves preserve confidentiality of the information; (3) In addition, the director may also disclose information to the Securities Exchange Commission if: (a) The SEC agrees in writing to maintain the confidentiality of the information; and (b) The SEC is authorized under securities law to request the information or the director is obligated to disclose the information.
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