This bill amends several sections of Louisiana's insurance laws 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, 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.

The amendments also streamline the process by which the commissioner can compel the attendance of individuals or entities relevant to investigations, ensuring that subpoenas are served in a manner consistent with district court procedures. These changes aim to strengthen the regulatory framework governing insurance practices in Louisiana, thereby enhancing consumer protection and promoting fair competition within the insurance market.

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)