Loading chat...
LA HB438
Bill
Status
6/4/2025
Primary Sponsor
Gabe Firment
Click for details
AI Summary
-
Insurers are prohibited from using institutional advertising expenses when setting insurance rates in Louisiana
-
"Institutional advertising expenses" is defined as advertising not aimed at obtaining business for a specific insurer and not providing consumers with information relevant to purchasing decisions
-
The definition of "expenses" under insurance rate regulation is amended to explicitly exclude both loss adjustment expenses and institutional advertising expenses
-
Amends R.S. 22:1452 and R.S. 22:1454 governing insurance rate regulation standards and methods
-
Effective date: January 1, 2026
Legislative Description
Provides relative to advertising expenses and prohibits use of certain expenses in setting insurance rates
INSURANCE/RATES
Last Action
Effective date: 01/01/2026.
6/4/2025