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Committee backs bill to broaden insurance department authority to act against unlicensed fraud
Summary
Senate Bill 199, offering expanded enforcement authority to the Louisiana Department of Insurance to address unlicensed insurance actors and online scams, passed the Senate Insurance Committee as amended.
Senate Bill 199, which would broaden the Louisiana Department of Insurance's authority to act against unlicensed individuals and deceptive insurance activity, was moved favorably as amended by the Senate Insurance Committee after testimony and amendments addressing due‑process and practice‑of‑law concerns.
Senator Michael Myers, the bill sponsor, told the committee the measure "seeks to enhance Louisiana Department of Insurance Authority to more effectively combat insurance fraud, thereby protecting and ensuring a fair competitive marketplace." Myers said the bill would amend multiple provisions in Title 22 to expand the definition of the business of insurance to include…
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