LA HB736

Amends R.S. 22:1464(D) to establish new procedures for insurers claiming trade secret protection on rate filing information, requiring submission of a formal notice to the Commissioner of Insurance with a sworn affidavit and public summary

Explicitly excludes from trade secret protection: financial data used in rate calculations, transactions with affiliates (including fees, commissions, and profit-sharing), employee compensation, shareholder dividends, rate filing contents, and information used in legislative advocacy

Requires the Commissioner to review all trade secret claims and issue written denials when information fails to meet statutory criteria or falls within excluded categories

Mandates biennial independent third-party review of trade secret claims, with reports due to the Commissioner, Senate President, and House Speaker by February 1st following review years

Imposes fines up to $25,000 per violation and potential suspension or revocation of insurance licenses for knowingly asserting false trade secret claims to conceal unlawful financial practices