The bill amends several sections of Louisiana's insurance law to enhance continuing education requirements for insurance producers and adjusters. Specifically, it mandates that life insurance producers and consultants, as well as those in property and casualty insurance, complete a total of twenty-four hours of approved instruction or verifiable self-study prior to each license renewal. This includes at least three hours dedicated to ethics, three hours on flood insurance, and newly added requirements of at least two hours focused on legislative updates in insurance law.

Additionally, the bill increases the exemption threshold for individuals employed by insurers who adjust losses from five hundred dollars to two thousand dollars. It also stipulates that licensed adjusters and public adjusters must complete a minimum of twenty-four hours of continuing education, including ethics and two hours on legislative updates in insurance law, reported biennially in conjunction with their license renewal. These changes aim to ensure that insurance professionals remain informed about current laws and ethical practices in the industry.

Statutes affected:
SB40 Original: 22:1573(D), 22:1662(2)
SB40 Engrossed: 22:1573(D), 22:1662(2)
SB40 Reengrossed: 22:1573(D), 22:1662(2)
SB40 Enrolled: 22:1573(C), 22:1662(2), 22:1673(A), 22:1702(A)
SB40 Act : 22:1573(C), 22:1662(2), 22:1673(A), 22:1702(A)