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 and at least two hours focused on legislative updates in insurance law. Additionally, the bill increases the threshold for certain claims that can be adjusted without a license from five hundred dollars to two thousand dollars.

Furthermore, the bill stipulates that licensed adjusters and public adjusters must also complete a minimum of twenty-four hours of continuing education, which includes ethics training and two hours dedicated to legislative updates in insurance law. These changes aim to ensure that insurance professionals remain informed about current laws and ethical practices, thereby enhancing the overall quality of service in the insurance 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)