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LA SB276
Bill
Status
2/27/2026
Primary Sponsor
Brach Myers
Click for details
AI Summary
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Bail bond producers must submit a sworn affidavit to the commissioner of insurance before receiving an appointment, certifying they owe no premiums or unsatisfied judgments to any insurer and agreeing to discharge all outstanding forfeitures on previously written bonds
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Former insurers must submit notice within 30 days if a bail bond producer fails to satisfy forfeitures or judgments, triggering immediate cancellation of the producer's appointment by the appointing insurer
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Reappointment is permitted only after the former insurer certifies that all forfeitures and judgments on bonds written by the producer have been discharged
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Appointing insurers or bail bond producers may appeal to the commissioner within 10 days of receiving notice from a former insurer
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Effective August 1, 2026
Legislative Description
Provides for the appointment of a bail bond producer. (8/1/26) (OR +$374,830 SG EX See Note)
INSURANCE DEPARTMENT
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Insurance.
3/9/2026