House Bill No. [insert number] proposes amendments to the Louisiana Revised Statutes concerning the Department of Insurance's revenue collection and allocation. The bill mandates that the first five million dollars collected from the tax on surplus lines and unauthorized insurance be credited to the Louisiana Fortify Homes Program Fund. Additionally, it allows the commissioner of insurance to enter into cooperative agreements for the collection of policy information and to establish rules for the administration of these provisions. The bill also rededicates specific fees collected from various insurance-related licenses and applications, including a $1,000 annual financial regulation fee and $15 from several other fees, to the same Fortify Homes Program Fund.

Furthermore, the bill stipulates that each fiscal year, five million dollars from taxes collected on fire, marine, transportation, and other insurance types will be deposited into the Louisiana Fortify Homes Program Fund. After this initial allocation, the remaining tax revenues will continue to be distributed according to existing law, which includes deposits into the state general fund and the Louisiana Fire Marshal Fund. The proposed changes aim to enhance funding for the Fortify Homes Program while maintaining the current revenue distribution structure for other funds. The bill is set to take effect on July 1, 2026.