2015 House Bill 4354 / Public Act 141

Revise insurance company trade secret detail

Introduced in the House

March 18, 2015

Introduced by Rep. Michael Webber (R-45)

To allow insurance companies or rating organizations filing on the insurer's behalf to designate certain information in filings they are required to make with the state as a trade secret. If the state insurance commissioner agrees the information is proprietary then it would not be subject to open records law disclosure.

Referred to the Committee on Insurance

April 16, 2015

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

April 22, 2015

Passed in the House 95 to 14 (details)

Received in the Senate

April 23, 2015

Referred to the Committee on Insurance

June 18, 2015

Reported without amendment

With the recommendation that the bill pass.

Sept. 17, 2015

Amendment offered

To clarify that the bill would be prospective only, and that information in previous filings will still be a public record.

The amendment passed by voice vote

Sept. 30, 2015

Passed in the Senate 37 to 0 (details)

To allow insurance companies or rating organizations filing on the insurer's behalf to designate certain information in filings they are required to make with the state as a trade secret. If the state insurance commissioner agrees the information is proprietary then it would not be subject to open records law disclosure.

Received in the House

Sept. 30, 2015

Oct. 1, 2015

Passed in the House 89 to 17 (details)

Signed by Gov. Rick Snyder

Oct. 13, 2015