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HB 329

INSURANCE DEPARTMENT: Provides for the disposition of proceeds from certain taxes and fees collected by the Department of Insurance

2025 Regular Session Introduced by Dennis Bamburg and 8 co-sponsors

HB 329 directs Louisiana's Department of Insurance to allocate collected taxes and fees to specified state funds, becoming effective July 1, 2026.

Signed by the Governor. Becomes Act No. 79.
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Bill Summary · HB 329

Legislative bill overview

HB 329 specifies how Louisiana's Department of Insurance must allocate revenues collected from various taxes and fees under its jurisdiction. The bill directs these proceeds to designated funds or accounts, establishing the fiscal framework for how insurance-related revenues are distributed and used throughout state government.

Why is this important

Insurance tax and fee revenues represent a significant funding source for state operations and regulatory functions. This bill determines which state programs, departments, or initiatives receive these funds, directly affecting budget allocations and the sustainability of insurance oversight and related services in Louisiana.

Potential points of contention

  • Budget allocation priorities: Disagreement over whether insurance revenues should support general state operations versus being dedicated to insurance-specific regulatory functions
  • Transparency and accountability: Concerns about how proceeds are tracked and whether stakeholders (insurers, consumers, legislators) have adequate visibility into fund distributions
  • Sustainability of regulation: Questions about whether allocated revenues adequately fund the Department of Insurance's mission to protect consumers and maintain market stability

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

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