Conflicts of interest

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    (a)    Except as provided in subsection (b) of this section, the Commissioner or a deputy, examiner, assistant, or employee of the Commissioner may not be financially interested in an insurer, insurance agency, or insurance transaction, other than as a policyholder or claimant under a policy.

    (b)    The Commissioner may employ or retain an actuary, attorney, or other technician who is similarly employed or retained by insurers or other persons if the individual:

        (1)    is independently practicing the profession of the individual; and

        (2)    does not have a conflict of interest in the matter for which the individual is employed or retained.


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