INSURERS: To authorize and direct the legislative auditor and the Department of Insurance to study the financial transactions of foreign and domestic insurers who are authorized to do and are doing business in Louisiana.
SCR 61 directs Louisiana's legislative auditor and Department of Insurance to study financial transactions between insurers operating in Louisiana (specifically for residential property and auto insurance) and their related companies, like managing agents and holding firms, from 2021 to 2024. The study must examine payment types (such as management fees and reinsurance), assess how these transactions might affect insurer solvency or consumer costs, and review prior regulatory findings. It requires a final report by September 2026, detailing findings and potential reforms. This resolution targets transparency in insurer finances but does not change insurance laws or rates.
Bill status
introduced
1 of 4 stages cleared
Introduction
Jun 2025
Committee Review
Floor Vote
Governor
Introduced Jun 1, 2025
Last action Jun 2, 2025
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Full legislative history
Actions timeline
Total actions
2
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0
Committee
0
Jun 1, 2025
Introduced
Introduced in the Senate. Read by title and placed on the Calendar for a second reading.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Patrick Connick
RRepublican
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