Healthcare (Government Transparency)

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.