RÉSUMÉ DIGEST
ACT 170 (SB 270) 2024 Regular Session Talbot
Existing law requires, within 30 days of election, appointment, or otherwise being chosen,
an officer, director, or trustee of a domestic regulated entity to submit to the commissioner
of insurance a request for a letter of no objection to serving in that capacity. Existing law
further requires the request for a letter of no objection to contain certain information
including but not limited to biographical information, third-party background verifications,
and fingerprint cards.
Prior law exempted volunteer board members of an interlocal risk management agency, as
defined in the Local Housing Authority Self-Insurance Act of 1981, R.S. 33:1351 et seq.,
from submitting certain information required by existing law.
New law retains prior law and clarifies that the exemption applies to any interlocal risk
management agency formed by a local housing authority and existing on Aug.1, 2023, and
any interlocal risk management agency formed by a local housing authority after that date.
Effective May 23, 2024.
(Amends R.S. 22:41.3(C)(4))


Statutes affected:
SB270 Original: 22:3(C)(4)
SB270 Engrossed: 22:3(C)(4)
SB270 Enrolled: 22:3(C)(4)
SB270 Act : 22:3(C)(4)