Bill > SB137

This bill requires insurance companies authorized to sell automobile or property insurance in Louisiana to notify the state's Insurance Commissioner within ten days of making significant changes to their policy offerings in specific geographic regions. Specifically, insurers must provide written notice when they decide to cease, pause, or resume writing new insurance policies in any part of the state, including details such as the effective date of the change, the types of insurance lines affected, the specific geographic area impacted, and a brief explanation for the action. The bill defines "cease," "pause," and "resume" as actions that materially affect insurance coverage availability, excluding temporary stops due to potential natural disasters. The notification information will be treated as confidential and proprietary, not subject to public disclosure under the Public Records Law except as legally required. The Commissioner is also authorized to create rules and regulations for implementing these notification requirements. The bill will take effect on January 1, 2026, providing insurers ample time to prepare for the new reporting mandate.

Business and Industry, Housing and Urban Affairs

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=SB137&sbi=y