Florida Senate - 2017 SB 7024 By the Committee on Banking and Insurance 597-02425-17 20177024__ 1 A bill to be entitled 2 An act relating to a review under the Open Government 3 Sunset Review Act; amending s. 626.84195, F.S., 4 relating to an exemption from public records 5 requirements for proprietary business information 6 provided to the Office of Insurance Regulation by 7 title insurance agencies or insurers; redefining the 8 term “proprietary business information”; removing the 9 scheduled repeal of the exemption; providing an 10 effective date. 11 12 Be It Enacted by the Legislature of the State of Florida: 13 14 Section 1. Section 626.84195, Florida Statutes, is amended 15 to read: 16 626.84195 Confidentiality of information supplied by title 17 insurance agencies and insurers.— 18 (1) As used in this section, the term “proprietary business 19 information” means information that: 20 (a) Is owned or controlled by a title insurance agency or 21 insurer requesting confidentiality under this section; 22 (b) Is intended to be and is treated by the title insurance 23 agency or insurer as private in that the disclosure of the 24 information would cause harm to the business operations of the 25 title insurance agency or insurer; 26 (c) Has not been
publiclydisclosed unless disclosed 27 pursuant to a statutory provision, an order of a court or 28 administrative body, or a private agreement, providing that the 29 information may not be released to the public; and 30 (d) Concerns: 31 1. Business plans; 32 2. Internal auditing controls and reports of internal 33 auditors; 34 3. Reports of external auditors for privately held 35 companies; 36 4. Trade secrets, as defined in s. 688.002; or 37 5. Financial information, including, but not limited to, 38 revenue data, loss expense data, gross receipts, taxes paid, 39 capital investment, customer identification, and employee wages. 40 (2) Proprietary business information provided to the office 41 by a title insurance agency or insurer is confidential and 42 exempt from s. 119.07(1) and s. 24(a), Art. I of the State 43 Constitution until such information is otherwise publicly 44 available or is no longer treated by the title insurance agency 45 or insurer as proprietary business information. However, 46 information provided by multiple title insurance agencies and 47 insurers may be aggregated on an industrywide basis and 48 disclosed to the public as long as the specific identities of 49 the agencies or insurers are not revealed. 50 (3) This section is subject to the Open Government Sunset51 Review Act in accordance with s. 119.15 and shall stand repealed52 on October 2, 2017, unless reviewed and saved from repeal53 through reenactment by the Legislature.54 Section 2. This act shall take effect October 1, 2017.