Florida Senate - 2016                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 1422
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                Floor: 1/AD/2R         .                                
             03/03/2016 11:09 AM       .                                

       Senator Simmons moved the following:
    1         Senate Amendment (with title amendment)
    3         Delete lines 339 - 348
    4  and insert:
    5  governance annual disclosure. The NAIC or a third-party
    6  consultant must agree, in writing, to:
    7         (a) Adhere to confidentiality standards and requirements
    8  applicable to the office governing the sharing and use of such
    9  filings and related documents as evidenced by specific
   10  procedures and protocols for maintaining the confidentiality and
   11  security of information shared with the NAIC or a third-party
   12  consultant pursuant to this section.
   13         (b) Verify to the office, with notice to the insurer, that
   14  the consultant is free of any conflict of interest.
   15         (c) Monitor compliance with applicable confidentiality and
   16  conflict of interest standards pursuant to a system of internal
   17  procedures.
   18         (d) Not store the information shared pursuant to this
   19  section in a permanent database after the underlying analysis is
   20  complete.
   21         (e) Provide prompt notice to the office and to the insurer
   22  or insurance group regarding any subpoena, request for
   23  disclosure, or request for production of the insurer’s filings
   24  and related documents submitted pursuant to subsections (2) and
   25  (3).
   26         (f) Intervention by an insurer in any judicial or
   27  administrative action in which the NAIC or a third-party
   28  consultant may be required to disclose confidential information
   29  about the insurer shared within the NAIC or a third-party
   30  consultant pursuant to this section.
   32  ================= T I T L E  A M E N D M E N T ================
   33  And the title is amended as follows:
   34         Delete line 23
   35  and insert:
   36         purposes; providing certain requirements for the
   37         National Association of Insurance Commissioners or
   38         third-party consultants in an agreement; authorizing
   39         the Financial Services