(a) information submitted pursuant to this subchapter is discoverable by a party in a civil action or contested case to which the submitting SPFC is a party, upon a specific finding by the court that:
(1) the SPFC is a necessary party to the action and not joined only for the purposes of evading the confidentiality provisions of this subchapter;
(2) the party seeking the information demonstrates by a clear and convincing standard that the information sought is relevant, material to, and necessary for the prosecution or defense of the claim asserted in the action; and
(3) the information sought is unavailable from other non-confidential sources.
(b) The SAM may disclose the information to the public officer having jurisdiction over the regulation of insurance in another territory or state if:
(1) the public official agrees in writing to maintain the confidentiality of the information; and
(2) the laws of the territory or state in which the public official serves require the information to be confidential.