This bill amends several sections of Louisiana's insurance law to enhance the definitions and enforcement mechanisms related to insurance fraud and unfair trade practices. Notably, it modifies the definition of a "fraudulent insurance act" to clarify that it includes acts committed with the intent to defraud, specifically adding that it encompasses presenting misleading documents related to property insurance claims. Additionally, the bill introduces a new provision that explicitly defines the act of misrepresenting damages or repair costs in insurance claims as fraudulent.

Furthermore, the bill expands the subpoena powers of the commissioner of insurance, allowing them to compel the attendance of individuals or entities that may possess relevant information for investigations into potential violations of insurance laws. The commissioner is granted the authority to issue subpoenas in a manner similar to district court procedures, enhancing the ability to gather evidence during investigations. Overall, these changes aim to strengthen the regulatory framework surrounding insurance practices in Louisiana.

Statutes affected:
HB651 Original: 22:1923, 22:1964(13), 22:2198(A)
HB651 Engrossed: 22:1923, 22:1964(13), 22:2198(A)
HB651 Enrolled: 22:1923, 22:1964(13), 22:2198(A)
HB651 Act : 22:1923, 22:1964(13), 22:2198(A)