(1) All documents, materials, or other information in the possession or control of the department that are created, produced, obtained, or disclosed in relation to KRS 304.3-700 to 304.3-735 and that relate to the financial condition of any person shall be confidential and shall not be subject to public disclosure pursuant to the Kentucky Open Records Act, KRS 61.870 to 61.884.
(2) Notwithstanding any law to the contrary, the commissioner may disclose in an extended no-action letter any information relating to the insurance innovation necessary to clearly establish the safe harbor of the extended letter.