House Bill No. 248, introduced by Representative Wilder, amends R.S. 22:1464(D) to clarify the process for public inspection of insurance rates and related information. The bill stipulates that all rates, supplementary rate information, and supporting documents will be open to public inspection after the notification period or upon disapproval by the commissioner of insurance. However, it modifies the existing law by requiring the commissioner to determine whether any information is confidential, trade secret, or proprietary, rather than allowing insurers or filers to make that determination themselves.

This change aims to enhance transparency while ensuring that sensitive information is adequately protected. The bill removes the provision that allowed insurers to deem information confidential and instead places that responsibility solely on the commissioner. Overall, the legislation seeks to balance public access to insurance rate information with the need to safeguard proprietary data.

Statutes affected:
HB248 Original: 22:1464(D)
HB248 Engrossed: 22:1464(D)