Florida S0230 mandates public disclosure of financial arrangements between insurers and affiliates and restricts trade secret claims.

Florida S0230 requires insurers and their affiliates to file all fees, commissions, and profit-sharing agreements with the Office of Insurance Regulation and make them publicly accessible on the Department of Financial Services website. The bill also restricts the use of trade secret claims to protect certain information, specifying that financial information, transactions between insurers and affiliates, officer and employee compensation, dividends, and rate filings are not considered trade secrets.

Florida S0230 mandates public disclosure of financial arrangements between insurers and affiliates and restricts trade secret claims.

Florida S0230 requires insurers and their affiliates to file all fees, commissions, and profit-sharing agreements with the Office of Insurance Regulation and make them publicly accessible on the Department of Financial Services website. The bill also restricts the use of trade secret claims to protect certain information, specifying that financial information, transactions between insurers and affiliates, officer and employee compensation, dividends, and rate filings are not considered trade secrets.