Senate Bill No. by Senator Wheat updates the licensure requirements for individuals regulated by the Louisiana Department of Insurance, with an effective date of August 1, 2025. The bill amends R.S. 22:1573(D) to reduce the required hours of approved continuing education for insurance producers and consultants from twenty-four to twenty-two hours before each license renewal. Additionally, it mandates that these professionals complete one hour of annual instruction provided by the Department of Insurance, focusing on recent changes in insurance law.

The bill also amends R.S. 22:1662(2)(b) to increase the exemption threshold for individuals employed by insurers who adjust losses from five hundred dollars to two thousand dollars. This change allows more employees to operate without needing a license when handling smaller claims. Overall, the bill aims to streamline continuing education requirements while adjusting the licensing exemptions to better reflect current industry practices.

Statutes affected:
SB40 Original: 22:1573(D), 22:1662(2)