House Bill No. 903, introduced by Representative Illg, amends several sections of the Louisiana Revised Statutes related to fines imposed by the commissioner of insurance. The bill primarily focuses on removing the existing limitations on the aggregation of fines for violations by insurers, persons, or entities. Specifically, it eliminates the cap of one hundred thousand dollars for aggregate fines in a calendar year, allowing the commissioner to impose fines without this restriction. Additionally, the bill makes technical changes to the language, such as replacing "of insurance" with "may" in certain contexts, which clarifies the commissioner's authority.

The proposed changes affect various sections, including R.S. 22:18(A), 257(B), 1019.3(D)(2), 1529(B), 1554(A), 1672(A), 1770, and 1808.8(A), all of which pertain to the enforcement of insurance regulations and the penalties for violations. By removing the aggregation limit, the bill aims to enhance the enforcement capabilities of the commissioner, ensuring that penalties can be more effectively applied in response to violations. The bill is set to take effect upon the governor's signature or after the expiration of the time for gubernatorial action.

Statutes affected:
HB903 Original: 22:18(A), 22:257(B), 22:3(D)(2), 22:1529(B), 22:1554(A), 22:1672(A), 22:8(A)