HB 0111A 2003
1	A bill to be entitled
2	An act relating to a public records exemption; creating s.
3	627.9742, F.S.; creating a public records exemption for
4	credit scoring methodologies and related data and
5	information that are trade secrets filed with the Office
6	of Insurance Regulation; providing for future review and
7	repeal; providing a statement of public necessity;
8	providing a contingent effective date.
9
10	Be It Enacted by the Legislature of the State of Florida:
11
12	Section 1. Section 627.9742, Florida Statutes, is created
13	to read:
14	627.9742 Public records exemption for the Office of
15	Insurance Regulation.--Credit scoring methodologies and related
16	data and information that are trade secrets as defined in s.
17	688.002 and that are filed with the Office of Insurance
18	Regulation pursuant to a rate filing or other filing required by
19	law are confidential and exempt from the provisions of s.
20	119.07(1) and s. 24(a), Art. I of the State Constitution.
21	Section 2. Section 627.9742, Florida Statutes, is subject
22	to the Open Government Sunset Review Act of 1995 in accordance
23	with s. 119.15, Florida Statutes, and shall stand repealed on
24	October 2, 2008, unless reviewed and saved from repeal through
25	reenactment by the Legislature.
26	Section 3. The Legislature finds that it is a public
27	necessity that credit scoring methodologies and related data and
28	information that are trade secrets, filed with the Office of
29	Insurance Regulation pursuant to a rate filing or other filing
30	required by law, be made confidential and exempt from public
31	records requirements. Such information could harm the business
32	of an insurance company, as it contains proprietary confidential
33	business information that has economic value derived from not
34	being disclosed to competitors. The Legislature further finds
35	that it is a public necessity to make such information
36	confidential and exempt from public disclosure because release
37	of such information would likely result in an insurer's not
38	providing the Office of Insurance Regulation with adequate
39	information on which to base a determination as to whether a
40	filing meets the requirements of law, resulting in increased
41	administrative and legal disputes with regard to the filing.
42	Section 4. This act shall take effect January 1, 2004, if
43	HB 0109A or substantially similar legislation is adopted in the
44	same legislative session, or an extension thereof, and becomes a
45	law.