51-23-15. Administration of chapter

51-23-15. Administration of chapter 1. This chapter must be administered by the insurance commissioner. 2. Neither the commissioner nor any employees of the commissioner may use any information which is filed with or obtained by the commissioner which is not public information for personal gain or benefit, nor may the commissioner nor any employees of the commissioner conduct any securities or commodity dealings whatsoever based upon any such information, even though public, if there has not been a sufficient period of time for the securities or commodity markets to assimilate such information. 3. a. Except as provided in subdivision b, all information collected, assembled, or maintained by the commissioner is public information and is available for the examination of the public. b. The commissioner may keep confidential information obtained in private investigations pursuant to this chapter and information obtained from federal agencies which may not be disclosed under federal law. c. No provision of this chapter either creates or derogates any privilege which exists at common law, by statute, or otherwise when any documentary or other evidence is sought under subpoena directed to the commissioner or any employee of the commissioner.