The bill amends and reenacts R.S. 44:4.1(B)(11) and enacts R.S. 22:1276, establishing new requirements for insurers in Louisiana regarding their market activities. Specifically, insurers authorized to write automobile or property insurance must notify the Department of Insurance within ten days of any decision to cease, pause, or resume writing new policies in a specific geographic region. 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 information submitted to the commissioner is deemed confidential and not subject to public disclosure, except as required by law or court order.

The bill also updates the list of exceptions to public records laws by incorporating R.S. 22:1276 into the existing framework of exceptions. This inclusion reinforces the confidentiality of the notifications provided by insurers regarding their market activities. 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)