| (a) The association must:
(1) create an electronic information repository containing
the information listed in §5.4309 of this title; and
(2) update the electronic information repository with
current policy data through the prior month-end not later than the
15th day of the current month.
(b) The association must prepare a written confidentiality
agreement that governs obligations of insurers who access the electronic
information repository. An insurer must enter into the written confidentiality
agreement before the association may grant the insurer access to the
electronic information repository. The written agreement and signatures
indicating acceptance of the terms of the agreement may be in an electronic
format.
(c) The association must not contract to provide or
otherwise allow any agent, managing general agent, administrator,
or person other than an insurer that has entered into the confidentiality
agreement to access the electronic information repository.
(d) An insurer must not allow any agent, managing general
agent, administrator, affiliate, other insurer, or any other person
to access the electronic information repository.
(e) An insurer may access the electronic information
repository only for the purpose of providing windstorm and hail insurance
to association policyholders either through a voluntary market depopulation
program approved under §5.4306 of this title or assumption reinsurance
program under §5.4307 of this title.
|
