INSURANCE RATES: Provides a process for insurers to assert the right to prevent public inspection of certain filing information based on a claim of trade secret. (8/1/26)

SB 297 creates a formal process for insurers in Louisiana to claim certain rate filing information as trade secrets, preventing public inspection. Insurers must clearly mark such information, submit sworn affidavits meeting strict criteria (e.g., demonstrating economic value and secrecy efforts), and provide a public summary without disclosing protected details. However, the bill explicitly requires disclosure of financial models, affiliate transactions, compensation, and other specified data, which cannot be hidden as trade secrets. The commissioner reviews all claims, with penalties for false claims and independent annual reviews of trade secret assertions to ensure compliance.