(1) As used in this section, the term “proprietary business information” means information that:
(a) Is owned or controlled by a title insurance agency or insurer requesting confidentiality under this section;
(b) Is intended to be and is treated by the title insurance agency or insurer as private in that the disclosure of the information would cause harm to the business operations of the title insurance agency or insurer;
(c) Has not been publicly disclosed; and
(d) Concerns:
1. Business plans;
2. Internal auditing controls and reports of internal auditors;
3. Reports of external auditors for privately held companies;
4. Trade secrets, as defined in s. 688.002; or
5. Financial information, including revenue data, loss expense data, gross receipts, taxes paid, capital investment, and employee wages.
(2) Proprietary business information provided to the office by a title insurance agency or insurer is confidential and exempt from s. 119.07(1) and s. 24(a), Art. I of the State Constitution until such information is otherwise publicly available or is no longer treated by the title insurance agency or insurer as proprietary business information. However, information provided by multiple title insurance agencies and insurers may be aggregated on an industrywide basis and disclosed to the public as long as the specific identities of the agencies or insurers are not revealed.
History.—s. 1, ch. 2012-207; s. 1, ch. 2017-34.
Structure Florida Statutes
Chapter 626 - Insurance Field Representatives and Operations
Part V - Title Insurance Agents (Ss. 626.841-626.8473)
626.8411 - Application of Florida Insurance Code provisions to title insurance agents or agencies.
626.8412 - License and appointments required.
626.8413 - Title insurance agents; certain names prohibited.
626.8414 - Qualifications for examination.
626.8417 - Title insurance agent licensure; exemptions.
626.8418 - Application for title insurance agency license.
626.8419 - Appointment of title insurance agency.
626.84195 - Confidentiality of information supplied by title insurance agencies and insurers.
626.842 - Credit and character reports.
626.84201 - Nonresident title insurance agents.
626.8421 - Number of appointments permitted or required.
626.8423 - Investigation of applicants for license or renewal or continuation.
626.8437 - Grounds for denial, suspension, revocation, or refusal to renew license or appointment.
626.844 - Grounds for discretionary refusal, suspension, or revocation of license or appointment.
626.8443 - Duration of suspension or revocation.
626.8447 - Effect of suspension or revocation upon other licensees, appointees.
626.845 - Cancellation of license.
626.8453 - Penalty for violation.
626.8457 - Administrative fine in lieu of suspension or revocation of license or appointment.
626.8463 - Witnesses and evidence.
626.8467 - Testimony compelled; immunity from prosecution.