Senate Bill No. 48, introduced by Senator Talbot, aims to enhance data collection by the Louisiana Department of Insurance regarding personal and commercial residential coverage policies. The bill mandates that authorized insurers file monthly supplemental reports detailing various metrics, including the number of policies in force, cancellations, nonrenewals, and claims activity, broken down by zip code. Additionally, insurers are required to submit annual reports on closed claims and provide comprehensive information on premiums and loss reserves for each line of business. The reports must be submitted using forms prescribed by the commissioner and are due by specific deadlines.

The bill also establishes that the information submitted to the commissioner will be considered confidential and exempt from public records laws, ensuring that it is not subject to public examination or subpoena. Furthermore, the commissioner is tasked with promulgating the necessary rules and regulations for implementing these provisions within 30 days of the bill's effective date, which is set for January 1, 2026. The bill amends existing law by adding R.S. 22:575 and updating R.S. 44:4.1(B)(11) to include this new section.

Statutes affected:
SB48 Original: 44:1(B)(11)