Florida Senate - 2025                             CS for SB 7010
       
       
        
       By the Committees on Governmental Oversight and Accountability;
       and Banking and Insurance
       
       
       
       
       585-03134-25                                          20257010c1
    1                        A bill to be entitled                      
    2         An act relating to a review under the Open Government
    3         Sunset Review Act; amending s. 631.195, F.S., which
    4         provides an exemption from public records requirements
    5         for certain records made or received by the Department
    6         of Financial Services acting as receiver pursuant to
    7         specified provisions; revising the list of records
    8         that are exempt from public records requirements;
    9         removing the scheduled repeal of the exemption;
   10         providing an effective date.
   11          
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. Section 631.195, Florida Statutes, is amended to
   15  read:
   16         631.195 Records of insurers; public records exemptions.—
   17         (1) As used in this section, the term:
   18         (a) “Consumer” means a prospective purchaser of, a
   19  purchaser of, a beneficiary of, or an applicant for any
   20  insurance product or service. The term also includes a family
   21  member or dependent of such person.
   22         (b) “Personal financial and health information” means:
   23         1. A consumer’s personal health condition, disease, or
   24  injury;
   25         2. A history of a consumer’s personal medical diagnosis or
   26  treatment;
   27         3. The existence, nature, source, or amount of a consumer’s
   28  personal income or expenses;
   29         4. Records of, or relating to, a consumer’s personal
   30  financial transactions of any kind;
   31         5. The existence, identification, nature, or value of a
   32  consumer’s assets, liabilities, or net worth;
   33         6. The existence or content of, or any individual coverage
   34  or status under a consumer’s beneficial interest in, any
   35  insurance policy or annuity contract; or
   36         7. The existence, identification, nature, or value of a
   37  consumer’s interest in any insurance policy, annuity contract,
   38  or trust.
   39         (2) The following records, in whatever form, of an insurer
   40  which are made or received by the department, acting as receiver
   41  pursuant to this chapter, are confidential and exempt from s.
   42  119.07(1) and s. 24(a), Art. I of the State Constitution:
   43         (a) All personal financial and health information of a
   44  consumer.
   45         (b) Underwriting files of a type customarily maintained by
   46  an insurer transacting lines of insurance similar to those lines
   47  transacted by the insurer.
   48         (b)(c) Personnel and payroll records of the insurer, except
   49  for the names, benefits, and compensation of executive officers.
   50         (c)(d) Consumer claim files.
   51         (e) An own-risk and solvency assessment (ORSA) summary
   52  report, a substantially similar ORSA summary report, and
   53  supporting documents submitted to the office pursuant to s.
   54  628.8015.
   55         (f) A corporate governance annual disclosure and supporting
   56  documents submitted to the office pursuant to s. 628.8015.
   57         (d)(g) Information received from the National Association
   58  of Insurance Commissioners, a governmental entity in this or
   59  another state, the Federal Government, or a government of
   60  another nation which is confidential or exempt if held by that
   61  entity and which is held by the department for use in the
   62  performance of its duties relating to insurer solvency.
   63         (3) The exemptions in subsection (2) apply to records held
   64  by the department before, on, and after July 1, 2020.
   65         (4) Records or portions of records made confidential and
   66  exempt by this section may be released under any of the
   67  following circumstances:
   68         (a) To any state or federal agency, upon written request,
   69  if disclosure is necessary for the receiving entity to perform
   70  its duties and responsibilities. The receiving agency shall
   71  maintain the confidential and exempt status of such record or
   72  portion of such record.
   73         (b) To comply with a properly authorized civil, criminal,
   74  or regulatory investigation or a subpoena or summons by a
   75  federal, state, or local authority.
   76         (c) To the National Association of Insurance Commissioners
   77  and its affiliates and subsidiaries, if the recipient agrees in
   78  writing to maintain the confidential and exempt status of the
   79  records.
   80         (d) To the guaranty associations and funds of the various
   81  states which are receiving, adjudicating, and paying claims of
   82  the insolvent insurer subject to delinquency proceedings
   83  pursuant to this chapter. The receiving guaranty association
   84  shall maintain the confidential and exempt status of such record
   85  or portion of such record.
   86         (e) Upon written request, to persons identified as
   87  designated employees as described in s. 626.989(4)(d), whose
   88  responsibilities include the investigation and disposition of
   89  claims relating to suspected fraudulent insurance acts.
   90         (f) In the case of personal financial and health
   91  information of a consumer, upon written request of the consumer
   92  or the consumer’s legally authorized representative.
   93         (5) This section is subject to the Open Government Sunset
   94  Review Act in accordance with s. 119.15 and shall stand repealed
   95  on October 2, 2025, unless reviewed and saved from repeal
   96  through reenactment by the Legislature.
   97         Section 2. This act shall take effect October 1, 2025.