This bill amends and reenacts several sections of Louisiana's insurance regulations, specifically R.S. 22:821, which pertains to fees collected by the commissioner of insurance. The bill increases various fees associated with producers, claims adjusters, and public adjusters. Notably, the annual financial regulation fee for health maintenance organizations and other insurers is raised from $1,000 to $2,000. Additionally, fees for producers' licenses, including initial applications and renewals, are increased, with first-time applicants now paying $75 instead of $50, and renewal fees rising from $20 to $35. Similar increases are applied to claims adjuster and public adjuster licenses, with first-time applicants and renewal fees both set at $75, up from $55 and $50, respectively.

The bill is set to take effect on January 1, 2026, and aims to ensure that the fees collected reflect the current regulatory environment and the costs associated with overseeing these entities. The adjustments in fees are intended to support the financial regulation of the insurance industry in Louisiana, ensuring that the commissioner has the necessary resources to effectively manage and oversee the sector.

Statutes affected:
HB441 Original: 22:821(B)(2)
HB441 Engrossed: 22:821(B)(2)
HB441 Enrolled: 22:821(B)(2)
HB441 Act 501: 22:821(B)(2)