Florida agencies keep trade secrets out of public records without a scheduled expiration, while allowing other government staff to use them within their lawful duties.
Florida agencies keep trade secrets confidential without a scheduled expiration date. They may share those secrets with other government staff for use within their lawful duties.
Parts of insurance review meetings may close when officials discuss certain company trade secrets used in hurricane or flood models. Closed portions must be recorded, but the recordings are private.
The Florida Institute for Human and Machine Cognition and its subsidiaries may close parts of meetings that discuss protected research information or trade secrets covered by the general agency rule.
Florida agencies must keep the trade secrets they hold confidential. The rule covers trade secrets held by Florida agencies and has no scheduled expiration date. Agencies may share a trade secret with staff at another agency or government body when those staff use it within their lawful duties. The information must meet the legal definition of a trade secret in section 688.002. The act took effect when it became law.
Officials may close the parts of certain insurance review meetings that discuss trade secrets. This applies to the hurricane loss modeling commission’s meetings and proceedings that review an insurer’s proposed rates. The secret must concern the design or construction of a hurricane or flood loss model that a private company provides under this section to the commission, insurance office, or consumer advocate. Closed portions must be recorded, and none may occur off the record. Those recordings are exempt from public access.
The Florida Institute for Human and Machine Cognition and its subsidiaries may close meeting portions that discuss protected information. Protected research information includes potential trade secrets, material that could receive a patent, and private business information arising from research and related transactions. The discussion must involve information protected by the institute’s records exemption or the general rule for trade secrets held by an agency.
No hearings or votes scheduled.