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LA HB441

Bill

Status

Passed

7/1/2025

Primary Sponsor

Chance Henry

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Revenue & Fiscal Affairs5/19/2025
Insurance5/5/2025
Insurance4/4/2025

Full Bill Text

No bill text available