Louisiana SB297 establishes a process for insurers to claim trade secret protection for certain filing information, with specific exceptions and.
Louisiana SB297 outlines a procedure for insurers to protect certain filing information from public inspection by claiming it as a trade secret. The bill specifies that financial information used in rate calculations and transactions between insurers and affiliates are not considered trade secrets and must be disclosed. Insurers must file a notice of trade secret with the commissioner, including a sworn affidavit detailing the basis for the claim. The commissioner reviews these claims and can deny them if the information does not meet trade secret criteria.
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