The bill amends several sections of the Louisiana Revised Statutes, specifically targeting the structure and functions of various boards and commissions related to insurance and health care. Notably, it repeals the Louisiana Health Care Commission and replaces it with provisions allowing the commissioner of insurance to create advisory boards. These boards will consist of representatives from the insurance industry, consumers, and other relevant stakeholders, and will advise the commissioner on matters related to insurance availability and affordability. The bill also modifies the allocation of funds from the sale of vehicles operated while intoxicated, redirecting a portion to the department for studying ways to reduce drunk driving and insurance rates.

Additionally, the bill repeals certain sections of the law that pertain to the Louisiana Automobile Theft and Insurance Fraud Prevention Authority and other related entities, streamlining the operations of the Department of Insurance. It allows the commissioner to withhold funds for operational expenses and establishes a dedicated fund account for insurance fraud investigation purposes. Overall, the legislation aims to enhance the efficiency of insurance-related governance in Louisiana while ensuring that advisory boards are representative and focused on improving insurance access and affordability.

Statutes affected:
SB367 Original: 14:98(F)(4), 22:2242(A), 36:1(C), 40:1428(A)(4), 36:686(C)(1), 40:1421(12)
SB367 Engrossed: 14:98(F)(4), 22:2242(A), 36:1(C), 40:1428(A)(4), 36:686(C)(1), 40:1421(12)
SB367 Reengrossed: 14:98(F)(4), 22:2242(A), 36:1(C), 40:1428(A)(4), 36:686(C)(1), 40:1421(12)
SB367 Enrolled: 14:98(F)(4), 22:2242(A), 36:1(C), 40:1428(A)(4), 36:686(C)(1), 40:1421(12)
SB367 Act 339: 14:98(F)(4), 22:2242(A), 36:1(C), 40:1428(A)(4), 36:686(C)(1), 40:1421(12)