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23    with s. 119.15, Florida Statutes, and shall stand repealed on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.