LD 1907
pg. 35
Page 34 of 38 An Act To Govern and Regulate Life Settlements Page 36 of 38
Download Bill Text
LR 2724
Item 1

 
does not apply because the person filing the report or
furnishing the information did so with actual malice.

 
B.__Subsection 4 does not apply to a person's furnishing
information concerning that person's own suspected,
anticipated or completed fraudulent viatical or life
settlement acts or suspected or completed fraudulent
insurance acts.

 
C.__A person identified in subsection 4 is entitled to an
award of attorney's fees and costs if that person is the
prevailing party in a civil cause of action for libel,
slander or any other relevant tort arising out of activities
in carrying out the provisions of this chapter and the party
bringing the action was not substantially justified in doing
so. For purposes of this paragraph, a proceeding is
"substantially justified" if it had a reasonable basis in
law or fact at the time that it was initiated.

 
D.__This subsection does not abrogate or modify common law
or statutory privileges or immunities enjoyed by a person
described in subsection 4.

 
6.__Confidentiality. The following provisions apply.

 
A.__The documents and evidence provided pursuant to
subsection 4 or obtained by the superintendent in an
investigation of suspected or actual fraudulent viatical or
life settlement acts is privileged and confidential and is
not a public record under Title 1, chapter 13 and is not
subject to discovery or subpoena in a civil or criminal
action.

 
B.__Paragraph A does not prohibit release by the
superintendent of documents and evidence obtained in an
investigation of suspected or actual fraudulent viatical or
life settlement acts:

 
(1) In administrative or judicial proceedings to
enforce laws administered by the superintendent;

 
(2) To federal, state or local law enforcement or
regulatory agencies, to an organization established for
the purpose of detecting and preventing fraudulent
viatical or life settlement acts or to the National
Association of Insurance Commissioners or its successor
organization; or


Page 34 of 38 Top of Page Page 36 of 38