INSURANCE: Provides for the transparency of setting insurance rates

HB 736 requires Louisiana insurers to disclose insurance rate information to the public unless they meet strict, specific criteria to claim it as a "trade secret." Insurers must clearly mark such information, provide sworn affidavits justifying the claim, and submit it separately - failing to do so waives the claim. The bill explicitly prohibits trade secret claims for financial models, affiliate transactions, compensation data, and other rate-related details, ensuring these are publicly accessible. The Insurance Commissioner must review all claims and deny those not meeting the criteria, with penalties up to $25,000 for false claims.