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Committee approves bill letting insurance department keep unspent anti-fraud assessment funds to fund investigations
3318551 · May 14, 2025
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Summary
House Bill 401 would allow the Department of Insurance to retain anti-fraud assessment money rather than refund unspent funds to industry; sponsors and the department said the change will let Louisiana invest in insurance-fraud investigators and joint state efforts with the attorney general and state police.
House Bill 401, carried by Representative Dickerson, would allow the Department of Insurance to retain unexpended anti-fraud assessment funds rather than automatically refunding them to insurers at year-end, directing the money to insurance fraud investigation and…
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