House Bill No. by Representative Henry amends and reenacts specific sections of the Louisiana Revised Statutes regarding fees collected by the commissioner of insurance. The bill proposes significant increases in various fees associated with producers, claims adjusters, and public adjusters. For instance, the annual financial regulation fee for health maintenance organizations and other insurers will rise from $1,000 to $2,000. Additionally, fees for producers' licenses, including initial company appointments and renewal fees, will see increases ranging from $5 to $15, with a new biannual renewal fee of $75 for all lines of insurance, replacing the previous tiered structure.

The bill also raises fees for claims adjuster and public adjuster licenses, with first-time applicant fees increasing from $55 to $75 and renewal fees from $50 to $75. These changes aim to enhance the financial regulation of insurance entities and ensure that the fees reflect the current economic landscape. The new fee structure will take effect on January 1, 2026.

Statutes affected:
HB441 Original: 22:821(B)(2)