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LA HB441
Bill
Status
7/1/2025
Primary Sponsor
Chance Henry
Click for details
AI Summary
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Annual financial regulation fee for health maintenance organizations, domestic and foreign insurance companies, vehicle mechanical breakdown insurers, and property residual value insurers increases from $1,000 to $2,000
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Producer license fees increase: application to add lines rises from $50 to $75, initial company appointment from $30 to $45, and renewal company appointment for individuals from $20 to $35 annually
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Producer renewal fee structure changes to a flat $75 every two years, eliminating the previous tiered system of $50 for one line and $55 for two or more lines
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Claims adjuster license fees for both business entities and individuals (resident and nonresident) increase from $55 to $75 for first-time applicants and from $50 to $75 for biennial renewals
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Public adjuster license fees increase identically to claims adjuster fees, with first-time applications rising from $55 to $75 and renewals from $50 to $75, effective January 1, 2026
Legislative Description
Provides for fees collected by the commissioner of insurance (EN +$5,311,560 SG RV See Note)
INSURANCE DEPARTMENT
Last Action
Effective date: 01/01/2026.
7/1/2025