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Committee approves bill requiring insurers to notify Department of Insurance when they stop or resume writing in an area
Summary
Senate Bill 137 would require insurers to notify the state insurance commissioner when they cease, pause or resume writing property and casualty policies in a geographic area; the submissions would be exempt from public records to protect competitive business information. The committee reported the measure favorable.
Senate Bill 137, presented to the Committee on House and Governmental Affairs on May 28, 2025, would require insurers authorized to write property and casualty policies to notify the Louisiana Department of Insurance within 10 days of informing agents that they will cease or resume writing in a particular geographic area. The notification would include the zip code or region affected so the commissioner can monitor market status.
Nut graf: The bill’s sponsor and Department of Insurance staff said the proposal is designed to let the Department monitor market disruptions and to protect consumers by providing regulators with early warnings. The bill includes a public-records exception for those insurer submissions so confidential underwriting and business-practice information are not disclosed to competitors.
Department staff explained notifications would not in themselves be consumer-facing but would allow agents and regulators to respond. Adam Patrick of the Department of Insurance said the department’s agent-search tool can help consumers find agents in their ZIP code; insurers resuming writing typically advertise or deploy agents in those areas, he added. Representative Fornham moved to report the bill favorable; the committee passed SB137 favorably without recorded objection.
Ending: The committee’s favorable report advances SB137 for further House consideration; Department of Insurance staff said the agency can share agent-search and market-status guidance with legislators and the public as the bill proceeds.
