2016 Legislative Summary » Citizens: Confidential Underwriting Files

Citizens: Confidential Underwriting Files Print this page

CS/CS/HB 931

pp. 27-28, §627.351(6) 

Expands the list of who may receive information from the confidential underwriting and claims files to include an entity that has obtained a permit to become an authorized insurer, a reinsurer, a licensed reinsurance broker, a licensed rating organization, or a modeling company. The information may be used by these entities only for the purpose of developing a take-out plan or rating plan, or analyzing risks for underwriting in the private insurance market. In addition, the bill expressly prohibits an insurance agent from using the data to solicit policyholders.

This provision was drafted by FAIA in consultation with Citizens to protect agents’ ownership of their customer information. 

Current law allows Citizens to share confidential underwriting and claims files with an insurer that is contemplating underwriting a risk insured by the corporation, provided the insurer executes a notarized agreement to retain their confidentiality. Citizens may also make specified information from the underwriting and claims files available to general lines insurance agents. The law requires the agent to keep the information confidential. 

Effective date: July 1, 2016
Chap. No. 2016-229, LOF

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