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.

Current Bill Version Posted: 10/17/2025 08:35 AM

• Senate Committee References (3)

  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Fiscal Policy (FP)

• Citations - Statute (2)

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  624.4213	Trade secret documents.	Page 2 (pdf)
  624.4214		Page 5 (pdf)

• Bill History

  S = Senate, H = House

  10/17/2025	S	• Filed
  11/3/2025	S	• Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
  1/13/2026	S	• Introduced
  3/13/2026	S	• Died in Banking and Insurance