LA SB136

Requires admitted insurers licensed for homeowner's or private passenger automobile insurance to file annual rate transparency reports by January 1st, based on their most recently approved rate filings

Insurers must provide policyholders with a copy of the rate transparency report when issuing new policies and upon renewal

Reports must include a graphical breakdown showing percentage of average premium attributed to: reinsurance costs, projected claims costs, loss adjustment expenses, fees and commissions, insurer profit and contingency, and other relevant risk factors (totaling 100%)

Reports must include contact information for the Department of Insurance's office of consumer services, including phone number, email address, and hours of service

Effective January 1, 2027; does not create a private right of action