Bill Summary

SB 230 Transparency in Insurance Matters (2026 Session)
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Sponsors
by Smith
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Summary
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: July 1, 2026
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committees of reference
» S Banking and Insurance
   S Appropriations Committee on Agriculture, Environment, and General Government
   S Fiscal Policy
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Actions
10/17/25
SENATE
Filed
11/03/25
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
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bill text & filed amendments
0230
Filed on 10/17/25
PDF
No amendments to this bill text filed.
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Statute Citations
624.4213
624.4214
Research & Reports
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