INSURANCE DEPARTMENT: Establishes the Homeowners' Insurance Transparency Act. (1/1/26) (OR +$91,520 SG EX See Note)

SB 68, the Homeowners' Insurance Transparency Act, requires Louisiana homeowners' insurance companies to annually disclose detailed financial relationships with related companies (like claims adjusters or reinsurance firms). Specifically, companies must report profits/losses from these entities, all fees paid to them, services provided, and any financial arrangements affecting homeowner rates. The Department of Insurance will make these disclosures publicly available online, and companies failing to comply may face fines up to $25,000 or suspension of new policy issuance. The law takes effect on January 1, 2026, aiming to increase clarity around how insurers structure costs for policyholders.