SB 230: Transparency in Insurance Matters
GENERAL BILL
by
Smith
Transparency in Insurance Matters; Defining the term “trade secret”; revising the requirements of a notice of trade secret submitted to the Office of Insurance Regulation or the Department of Financial Services; specifying that certain information is not a trade secret and is subject to public disclosure; requiring the office to review all claims of trade secret protection; requiring that fees, commissions, and profit-sharing agreements between insurers and affiliates be filed with the office and made publicly accessible on the department’s website, etc.
Effective Date: 7/1/2026
Last Action:
10/17/2025
Senate -
Filed
Bill Text:
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