Senate Bill No. 214, introduced by Senator Duplessis, proposes a significant overhaul of the appointment process and qualifications for the commissioner of insurance in Louisiana. The bill removes the commissioner from the list of elected state offices, transitioning the role to one appointed by the governor with Senate confirmation for a six-year term, and limits the commissioner to two consecutive terms. A nominating committee will be established to submit three eligible nominees to the governor, enhancing the selection process by involving various stakeholders from the insurance and financial sectors.

The legislation also sets forth specific qualifications for the commissioner, including a minimum of five years of practical experience in the insurance field and restrictions on holding other public offices or financial interests in regulated entities. It details the grounds for removal from office, such as violations of the Louisiana Code of Governmental Ethics and demonstrated incompetence. The bill will take effect upon the expiration of the current commissioner’s term or when a vacancy occurs, with the first assistant to the commissioner temporarily assuming the role until a new appointment is made. Overall, the bill aims to improve governance and accountability within the insurance commissioner's office.

Statutes affected:
SB214 Original: 18:45(A), 18:551(B)(1), 18:1483(13), 22:2(A), 22:454(B), 36:681(C), 36:682(A)