FL H1169

Creates a public records exemption for notices of proposed divestiture filed by controlling persons of domestic insurers with the Commissioner of Insurance, keeping such notices confidential until the transaction concludes unless the commissioner determines confidential treatment interferes with enforcement.

Exempts the identity of lenders from public disclosure when a loan made in the lender's ordinary course of business is used as consideration in a merger or acquisition of control of a domestic stock insurer, if the lender requests confidentiality.

Both exemptions are subject to the Open Government Sunset Review Act and automatically repeal on October 2, 2016, unless the Legislature reenacts them.

Establishes legislative findings that confidentiality of divestiture notices and lender identities is necessary to protect the integrity of insurance transactions and the ordinary business operations of lenders.

Takes effect on the same date that HB 1167 or similar legislation becomes law, if adopted in the same legislative session.