LA HB932

Creates the Louisiana Commercial Trucking Market Access Fund, funded by a 3% annual contribution from captive insurers on retained premiums attributable to Louisiana commercial trucking risks, with contributions due by March 31 each year

Establishes the Louisiana Small Carrier Commercial Trucking Insurance Group Purchasing Pool for trucking companies with fewer than 25 vehicles, organized as a nonprofit with a 7-member board and designed to become self-sustaining within 5 years

Requires captive insurers covering Louisiana trucking risks to maintain minimum policyholders' surplus of $500,000 and reserves calculated at the 75th percentile of actuarial estimates, supported by liquid assets

Mandates disclosure of insurance coverage information within 30 days of receiving a claim notice, including insurer identity, policy limits, and claims representative contact; failure to disclose tolls the statute of limitations and carries $5,000 penalty per claim

Authorizes direct action against captive insurers by judgment creditors and establishes civil penalties ranging from $5,000 to $50,000 for violations, with collected penalties deposited into the Market Access Fund