Bill > S1606

This bill creates an exemption from public records requirements for specific information submitted by insurance companies to the Citizens Property Insurance Corporation's policyholder eligibility clearinghouse program, which is a system designed to help identify and select risks for insurance coverage. This exemption applies to underwriting guidelines, manuals, rating information, and other instructions used by insurers to determine if they will offer coverage through the program. The purpose of this exemption is to encourage insurers to participate in the program by preventing the public disclosure of sensitive business information that could discourage their involvement, thereby ensuring the program's success in providing more insurance options for consumers and reducing the financial burden on Citizens Property Insurance Corporation. This exemption is temporary and will be automatically repealed on October 2, 2018, unless the Legislature reviews and reenacts it.