House Bill No. [insert number] aims to re-create the Department of Insurance and its associated statutory entities, extending their operational authority until July 1, 2031. The bill establishes that the Department of Insurance will be re-created effective June 30, 2026, and all statutory authority for its existence will continue under the provisions of Louisiana Revised Statutes. The bill also specifies that operations for the Department and its entities will begin to terminate on July 1, 2030, unless the department is re-created again before that date.

Additionally, the bill repeals R.S. 49:191(1)(e), which previously outlined termination dates for the Department of Insurance, and enacts new language in R.S. 49:191(3)(b) to clarify that the Department of Insurance and its statutory entities will be included in the termination schedule. This legislative change supersedes existing sunset law provisions that required separate bills for the re-creation of each statutory entity within the department. The overall effect of the bill is to streamline the re-creation process and extend the operational timeline for the Department of Insurance.

Statutes affected:
HB234 Original: 49:191(3), 49:191(1)
HB234 Engrossed: 49:191(3), 49:191(1)
HB234 Reengrossed: 49:191(1)