40-5108. Insurance score models, filing required; trade secret. - Kansas Statutes

40-5108

Chapter 40.--INSURANCE Article 51.--INSURANCE SCORE ACT

      40-5108.   Insurance score models, filing required;trade secret.(a) Each insurer that uses insurance scores to underwriteandrate risks shall file the procedure required by paragraph (b) of K.S.A. 2009Supp. 40-5107, andamendments thereto, and such insurer's insurance scoring models or otherinsurance scoring processes with the insurance department. A third party mayfile with the insurance department such third party's scoring models or otherscoring processes used on behalf of an insurer. Any filing that includesinsurance scoring may include loss experience justifying the use of creditinformation.

      (b)   Except for the procedure required by paragraph (b) ofK.S.A. 2009 Supp.40-5107, andamendments thereto, any filing relating to insurance scoring models or otherinsurance scoring processes shall be considered to be a trade secret andconfidential under the open records act.

      History:   L. 2003, ch. 88, § 9; July 1.