Bill > SB40

This bill updates licensure requirements for various insurance professionals regulated by the Louisiana Department of Insurance by modifying continuing education (CE) requirements. The bill mandates that life, accident, health, property, and casualty insurance producers and consultants must now include at least two hours of legislative updates in insurance law as part of their existing 24-hour continuing education requirement. Additionally, the bill raises the dollar threshold for loss adjusters from $500 to $2,000, allowing adjusters to handle claims or authorize payments for losses up to $2,000 without requiring a license. The changes apply to different types of insurance professionals, including life insurance producers, property and casualty insurance producers, adjusters, and public adjusters. Professionals must still complete at least three hours of ethics training and, in some cases, three hours of flood insurance training. The new requirements will take effect on August 1, 2025, and are designed to ensure that insurance professionals stay current with changes in insurance law and maintain a high standard of professional knowledge.