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LA SB298

Bill

Official Source

Status

Introduced

2/27/2026

Primary Sponsor

Royce Duplessis

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Prohibits insurance companies from including advertising expenses when calculating and setting insurance rates
  • Amends the definition of "Expenses" in Louisiana insurance law to explicitly exclude advertising expenses from rate-attributable costs
  • Repeals the existing statutory definition of "institutional advertising expenses" in R.S. 22:1452(C)(9.1)
  • Effective date: August 1, 2026

Legislative Description

Prohibits the use of insurer's advertising expense in setting rates. (8/1/26)

INSURANCE RATES

Last Action

Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Insurance.

3/9/2026

Committee Referrals

Insurance2/27/2026

Full Bill Text

No bill text available