The bill amends and reenacts R.S. 44:4.1(B)(11) and enacts R.S. 22:1276, which establishes new requirements for insurers in Louisiana regarding the notification of the Department of Insurance when they cease, pause, or resume writing insurance policies in specific geographic regions. Insurers are mandated to provide written notice to the commissioner within ten days of informing their agents of such decisions. 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, any information submitted to the commissioner under this section is deemed confidential and not subject to public disclosure, except as required by law or court order.

Furthermore, the bill incorporates the new R.S. 22:1276 into the existing exceptions to public records laws outlined in R.S. 44:4.1(B)(11). This inclusion ensures that the confidentiality of the notifications made by insurers is maintained within the framework of Louisiana's public records law. 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)
SB137 Act 429: 44:1(B)(11)