House Bill No. by Representative Berault aims to enhance the regulation of insurance fraud in Louisiana by amending several sections of the existing law and introducing new definitions and provisions. The bill clarifies the investigative authority of the Office of Insurance Fraud, allowing it to assist law enforcement agencies in investigations with their consent. It also specifies that criminal provisions related to insurance fraud will be enforced solely by designated law enforcement and prosecutorial agencies unless otherwise provided by law. Additionally, the bill introduces a definition of "business of insurance," which encompasses activities related to the sale and resolution of insurance claims while excluding certain legal practices.

Furthermore, the bill maintains prohibitions against unfair methods of competition and deceptive practices within the insurance industry, while expanding the powers of the commissioner to issue notices, orders, and penalties for violations. This includes the ability to take action against unlicensed individuals engaging in the business of insurance and committing unfair trade practices. The commissioner is also granted the authority to adopt rules for the electronic delivery of notices related to these actions. The bill will take effect upon the governor's signature or after the lapse of time for gubernatorial action.

Statutes affected:
HB739 Original: 22:1921(D), 22:1924(B), 22:1925(B)