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 "fraudulent insurance act" to clarify that it includes acts committed with the intent to defraud, and it specifically adds a new provision that criminalizes the presentation of misleading documents related to property insurance claims. Additionally, the bill updates the language surrounding the commissioner of insurance's subpoena powers, allowing for more effective investigation of potential violations of insurance laws.

Key changes include the removal of outdated language and the introduction of new definitions and procedures. For instance, the commissioner is now empowered to issue subpoenas compelling the attendance of entities relevant to investigations, and the process for serving these subpoenas is aligned with district court procedures. These amendments aim to strengthen the regulatory framework governing insurance practices in Louisiana, ensuring better protection against fraudulent activities.

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)