This bill enacts new provisions in Louisiana law to enhance funding for the Louisiana Fortify Homes Program Fund. Specifically, it establishes that the first five million dollars collected from a tax on surplus lines and unauthorized insurance will be credited to this fund each fiscal year. Additionally, it mandates that the state treasurer will deposit certain fees, including those from financial regulation and licensing, into the same fund, further supporting its financial resources.

The bill also grants the commissioner of the Department of Insurance the authority to enter into cooperative agreements for collecting policy information related to surplus lines and unauthorized insurance. These agreements may include provisions for using a clearinghouse, collecting additional policy data, and assessing transaction fees. Furthermore, the commissioner is empowered to adopt rules and regulations for the administration and enforcement of these provisions. The effective date for this legislation is set for July 1, 2026.