Information filed with the director is confidential and may not be disclosed without the prior written consent of the SPLRC, except:
(1) Information is discoverable in civil litigation provided:
(a) The SPLRC is found by the court to be a necessary party;
(b) The party seeking the information demonstrates by a clear and convincing standard that the information sought is relevant and necessary; and
(c) Where it is unavailable from other nonconfidential sources;
(2) The director may disclose the information to insurance regulators if:
(a) The regulator agrees in writing to maintain the confidentiality of the information; and
(b) The laws of the state in which the regulator serves preserve confidentiality of the information;
(3) In addition, the director may also disclose information to the Securities Exchange Commission if:
(a) The SEC agrees in writing to maintain the confidentiality of the information; and
(b) The SEC is authorized under securities law to request the information or the director is obligated to disclose the information.