This bill amends and reenacts sections of Louisiana law regarding the disclosure of contact information and the requirements for insurance anti-fraud plans. It mandates that every person licensed by the commissioner of insurance must provide accurate contact information, including the names and contact details of individuals responsible for handling consumer complaints and regulatory communications. Additionally, risk-bearing entities are required to inform the commissioner of any changes to this information within thirty days. The bill also specifies that authorized risk-bearing entities must submit detailed information regarding their financial condition and tax inquiries.

Furthermore, the bill enhances the requirements for insurance anti-fraud plans by stipulating that insurers and health maintenance organizations must file a summary report detailing any material changes to their anti-fraud plans. This report must include comprehensive data such as the number of policies in effect, claims received, claims referred for investigation, and financial losses attributed to fraudulent activities. The commissioner is granted the authority to prescribe the format for these summary reports, ensuring that the information is organized and accessible for regulatory purposes.

Statutes affected:
HB399 Original: 22:1(F)
HB399 Engrossed: 22:1(F)
HB399 Enrolled: 22:1(F)
HB399 Act 614: 22:1(F)