Senate Bill No. 1276, introduced by Senator Talbot and various representatives, aims to enhance the notification process for insurers regarding their market activities in Louisiana. The bill mandates that insurers authorized to write automobile or property insurance must notify the Department of Insurance within ten days of informing their agents about any decision to cease, pause, or resume writing new policies in specific geographic regions. The notice must include the effective date of the action, the lines of insurance affected, the geographic area impacted, and a brief description of the reasons for the action. Additionally, the bill establishes that any information submitted to the commissioner is confidential and not subject to public disclosure, except as required by law or court order.

Furthermore, the bill amends R.S. 44:4.1(B)(11) to include the newly enacted R.S. 22:1276 among the exceptions to public records laws. This inclusion reinforces the confidentiality of the notifications provided by insurers. The provisions of this Act are set to take effect on January 1, 2026.

Statutes affected:
SB137 Original:
SB137 Engrossed: 44:1(B)(11)
SB137 Enrolled: 44:1(B)(11)