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Committee advances bill requiring insurers to notify department when they start, stop or resume writing coverage in areas
Summary
Senate Bill 137, reported with amendments, would require property-and-casualty insurers to notify the Louisiana Department of Insurance when they begin, cease or resume writing coverage in a ZIP code, parish, or region; the notices would be exempt from public records.
Senate Bill 137, a department-sponsored measure, was reported with amendments after the committee approved a technical amendment and discussed confidentiality and market effects.
Under the bill, authorized property-and-casualty insurers would notify the Louisiana Department of Insurance if they begin writing, cease writing, or resume writing…
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