This bill amends R.S. 22:1981(D) to update the guidelines used for examinations authorized by the commissioner of insurance in Louisiana. The amendment specifies that examiners conducting these examinations must adhere to the guidelines and procedures outlined in both the Examiners' Handbook and the Market Regulation Handbook, which are adopted by the National Association of Insurance Commissioners. Additionally, the commissioner retains the authority to employ other guidelines or procedures deemed appropriate.
The changes reflect a commitment to ensuring that insurance examinations are conducted in accordance with established national standards, thereby enhancing the regulatory framework for insurers and producers in the state. The bill does not include any deletions from existing law, focusing solely on the insertion of the Market Regulation Handbook as a reference for examiners.
Statutes affected: HB311 Original: 22:1981(D)
HB311 Engrossed: 22:1981(D)
HB311 Enrolled: 22:1981(D)
HB311 Act : 22:1981(D)