§431:9A-115 Notification to commissioner of termination. (a) An insurer or its authorized representative that terminates the appointment, employment, contract, or other insurance business relationship with a producer shall notify the commissioner within thirty days following the effective date of the termination, using the applicable format prescribed by the commissioner. An insurer or its authorized representative that terminates a producer for one of the reasons set forth in section 431:9A-112, or that has knowledge the producer was found by a court, governmental body, or self-regulatory organization to have engaged in any of the activities in section 431:9A-112, shall use the particular format for that situation as prescribed by the commissioner. Upon the written request of the commissioner, an insurer or its authorized representative that terminates a producer shall provide additional information, documents, records, or other data pertaining to the termination or activity of the producer.
(b) An insurer or its authorized representative that terminates a producer shall promptly notify the commissioner in a format acceptable to the commissioner if, upon further review or investigation, the insurer or its authorized representative discovers additional information that would have been reportable to the commissioner in accordance with subsection (a), had the insurer or its authorized representative known of its existence.
(c) An insurer and its authorized representative that terminate a producer are subject to the following:
(d) Immunity from civil liability for notification applies as follows:
(e) Confidentiality and privilege from disclosure are established as follows:
(f) An insurer, its authorized representative, or a producer who fails to report as required by this section or who is found to have reported with actual malice by a court of competent jurisdiction may, after notice and hearing, have its license or certificate of authority suspended or revoked and may be fined in accordance with article 2. [L 2001, c 216, pt of §2; am L 2002, c 155, §33; am L 2017, c 152, §9; am L 2018, c 8, §1]