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SB 276

INSURANCE DEPARTMENT: Provides for the appointment of a bail bond producer. (8/1/26) (EN +$410,830 SG EX See Note)

2026 Regular Session Introduced by Brach Myers

SB 276 formalizes appointment and regulatory oversight of bail bond producers within the Louisiana Insurance Department, effective Aug 1, 2026.

Effective date 8/1/2026.
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Bill Summary · SB 276

Summary of SB 276 (Session 2026) – Louisiana

Title

INSURANCE DEPARTMENT: Provides for the appointment of a bail bond producer.
Effective date: August 1, 2026.
Budget note: SG EX with an estimated impact of +$410,830 (subject to certification and funding procedures).

Purpose and intent

  • The bill aims to authorize or formalize the appointment of a bail bond producer within the Louisiana Insurance Department.
  • It appears designed to regulate or oversee individuals who operate as bail bond producers (agents who arrange or issue bail bonds on behalf of sureties), aligning state supervision with bail bond activities within the insurance regulatory framework.

Key provisions and changes

  • Creates or specifies a role for a bail bond producer within the state Insurance Department, including the process by which such individuals are appointed (details not provided in the summary but likely governs qualifications, duties, and reporting requirements).
  • Establishes an operational framework to oversee bail bond producers, potentially including licensure standards, compliance requirements, and disciplinary provisions.
  • Specifies effective date for the change: August 1, 2026.
  • Indicates a fiscal impact to the state’s general fund or related operating accounts, with a net positive estimate of $410,830 in SG EX (subject to final budgeting and authorization). This could reflect staffing, salaries, and related regulatory functions.

Who is affected

  • Bail bond producers operating in Louisiana, and the insurers and sureties who engage with them.
  • The Louisiana Department of Insurance (LDI), which would administer the program, licensing, oversight, and enforcement.
  • Potentially, other licensees in the insurance and surety sector who interact with bail bonds or related regulatory requirements.

Procedural history and timeline

  • Prefiled and provisionally referred to the Committee on Insurance (as of February 27, 2026).
  • Reported favorably by the Committee on Insurance on March 18, 2026.
  • Reported favorably again on May 5, 2026, indicating advancement toward floor consideration or passage.

Additional context

  • Co-sponsor: Representative Brach Myers.
  • The notation “(8/1/26) (EG +$410,830 SG EX See Note)” suggests the bill includes a specific effective date and a staffing/funding impact that is being tracked for budget purposes. “EG EX” may refer to a budget or fiscal note category, but exact definitions would be clarified in the fiscal note or committee report.

Quick take

SB 276 proposes formalizing the appointment and regulatory oversight of bail bond producers within the Louisiana Insurance Department, with an effective date of August 1, 2026 and an estimated annual fiscal impact of about $410,830. If enacted, it would shape licensing, supervision, and enforcement for bail bond activities in the state.

Compiled from official sources — confirm details with the bill’s official record.

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