Senate Bill No. 137, introduced by Senator Talbot, mandates that authorized insurers writing property and casualty insurance must notify the Louisiana Department of Insurance at least thirty days prior to ceasing, pausing, or resuming the writing of policies in specific regions, such as parishes or zip codes. This requirement aims to enhance communication between insurers and the Department, ensuring that the state is informed about changes in coverage availability. Additionally, the bill stipulates that insurers who fail to comply with this notification requirement may face penalties of up to $1,000 for each day of non-compliance.

The bill also emphasizes the confidentiality of the information submitted to the commissioner, declaring that such notices are not considered public records and are exempt from disclosure under the Public Records Law. This provision is intended to protect the proprietary and confidential nature of the business records of insurers. The amendments to existing law include the addition of R.S. 22:1276, which outlines these requirements, and the bill is set to take effect on January 1, 2026.

Statutes affected:
SB137 Original: