OGSR/Records of Insurers/Department of Financial Services

2025 Regular Session Introduced by Richard Gentry

HB 7011 narrows the DFS public-records exemption for insolvent insurers, making underwriting files, ORSA, CGAD, and executive-officer data public, while protecting consumer files.

Laid on Table, companion bill(s) passed, see CS/SB 7010 (Ch. 2025-169)

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Bill Summary: HB 7011 — OGSR/Records of Insurers/Department of Financial Services

Status: Laid on Table (companion passed as CS/SB 7010, Ch. 2025-169)
Introduced: February 20, 2025
Sponsor: Government Operations Subcommittee, Rep. Gentry (PCB GOS 25‑06)
Final action: Passed as CS/SB 7010; approved by Governor June 20, 2025 (Ch. 2025‑169)
Effective date (final law): October 1, 2025

Purpose / Intent

HB 7011 revises the public-records exemption that protects certain information held by the Department of Financial Services (DFS) when acting as receiver of insolvent insurers. The bill narrows which insurer-related records remain exempt from public disclosure and removes the previously scheduled automatic repeal (sunset) established under Florida’s Open Government Sunset Review (OGSR) process.

Key provisions

Narrows the DFS public-records exemption for receiver‑related insurer records to only the following categories:

All personal financial and health information of a consumer.
Personnel and payroll records of the insurer, except the names, benefits, and compensation of executive officers (these are opened).
Consumer claim files.
Information received from the National Association of Insurance Commissioners (NAIC) or other government entities that is confidential/exempt if held by that entity and held by DFS for insolvency duties.

Makes certain categories that were previously exempt subject to public disclosure on a prospective basis:

Underwriting files of the type customarily maintained for the insurer’s lines of business.
Own‑Risk and Solvency Assessment (ORSA) summary reports.
Corporate Governance Annual Disclosures (CGAD).
Names, benefits, and compensation of executive officers.

Removes the statute’s scheduled repeal date under the OGSR (i.e., prevents automatic repeal on October 2, 2025, if reenacted as narrowed).

Who is affected

Consumers: personal financial and health data and consumer claim files remain protected.

Insurers (particularly insolvent insurers and their employees/executive officers): certain internal materials (underwriting files, ORSA summaries, CGADs) will be publicly accessible going forward; personnel/payroll records are partially protected (but executive officer compensation and benefits are public).

DFS and Office of Insurance Regulation (OIR): changes how DFS handles public-record requests in insolvency receiverships and how regulator-held NAIC/governmental confidential information is treated.

NAIC and other governmental entities: disclosure protections preserved when DFS holds information that is confidential/exempt under the original source entity.

Procedural / Timeline notes

Committee and floor activity occurred March–April 2025 (referred to Insurance & Banking and State Affairs; reported favorably; placed on House calendar).

HB 7011 was laid on the table in the House when the companion, CS/SB 7010, passed; the final enactment is ch. 2025‑169.

Governor approved the companion bill June 20, 2025; effective date of the law is October 1, 2025.

Additional context

The change was made under the OGSR process; because the exemption is narrowed (not expanded), no public-necessity statement or two‑thirds legislative vote was required. The law balances continued protection of sensitive consumer and payroll information against greater transparency for certain insurer governance and solvency materials.

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