This bill amends various sections of Florida Statutes to enhance the confidentiality of trade secrets held by agencies and other entities. It deletes the scheduled repeal of the public records exemption for trade secrets in section 119.0715, ensuring that such information remains confidential indefinitely. The bill also introduces new language to clarify the definition of proprietary business information and removes references to trade secrets in several sections, reinforcing the protection of sensitive business information. Conforming amendments are made to sections related to antitrust violations, economic development, and public records exemptions to align with these changes.

Additionally, the bill modifies the composition and operational guidelines of the commission overseeing the Florida Hurricane Catastrophe Fund. It specifies that the executive director's designee must be a full-time employee with actuarial science experience and outlines qualifications for appointed members, including expertise in various relevant fields. The bill establishes terms of service for commission members and mandates the annual appointment of a chair by the State Board of Administration. It also introduces provisions for adopting actuarial methods for hurricane and flood loss projections, requiring insurers to use these methods in rate filings, and ensures confidentiality for trade secrets related to loss models during commission meetings. The act is set to take effect upon becoming law.

Statutes affected:
S 7026 pb: 119.0715, 287.137, 334.049, 408.185, 409.91196, 440.108, 497.172, 501.171, 501.1735, 501.2041, 520.9965, 559.5558, 569.215, 627.0628