PROPERTY INSURANCE: Authorizes the Louisiana Property Insurance Corporation to enter into a cooperative endeavor agreement with the commissioner of insurance for certain projects. (Item #15) (gov sig) (OR NO IMPACT See Note)

This bill authorizes the Louisiana Citizens Property Insurance Corporation to work directly with the state's commissioner of insurance on specific projects designed to help policyholders. Under the new law, the corporation's board must vote to approve a partnership agreement, which then requires formal approval from both the Senate and House insurance committees before it can proceed. The legislation adds this specific authority to the corporation's existing powers and sets the governor's signature as the trigger for the law to take effect.