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HB 1142

INSURANCE DEPARTMENT: Requires the Department of Insurance to issue an annual market accountability report (OR +$119,160 SG EX See Note)

2026 Regular Session Introduced by Chasity Martinez

The bill requires the Louisiana DOI to publish annually a public report detailing parish-level insurance pricing, claims, profitability, market participation, and non-renewals/canc

Read by title, under the rules, referred to the Committee on Insurance.
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Bill Summary · HB 1142

Summary of HB 1142 (2026 Louisiana Regular Session)

Purpose

HB 1142 would require the Louisiana Department of Insurance (DOI) to produce an annual Market Accountability Report. The report aims to provide a clearer, data-driven overview of the state’s insurance market for policymakers and the public.

Key Provisions

  • New Statute Created: Adds R.S. 22:1984.1, establishing the annual market accountability reporting requirement.
  • Reporting Period: The report must cover the preceding calendar year.
  • Timing: The DOI must issue the report on or before March 1 of each year.
  • Content of the Report: The annual report must include:
    • (a) Changes in average homeowners’ and auto insurance premiums by parish.
    • (b) Claims data by parish: filed, paid, and denied.
    • (c) Loss ratios and profitability by line of insurance.
    • (d) Market entries and exits by insurers (participation).
    • (e) Non-renewal and cancellation rates.
  • Delivery and Availability:
    • The DOI must submit the report to the House and Senate committees on insurance.
    • The report must be publicly available on the DOI’s website.
    • Data should be presented in a format that is accessible and understandable to policymakers and the public.
  • Data and Implementation:
    • The DOI will collect and compile data using its existing regulatory authority; additional data calls may be used if necessary.
    • The DOI may adopt rules to implement these provisions.
  • Effective Date: The act becomes effective upon the governor’s signature, or, if not signed, upon the lapse of time for gubernatorial action as provided by Louisiana Constitution. If vetoed and later approved by the legislature, it becomes effective the day after approval.
  • Administrative Details: Adds a single new statute; no other laws are amended.

Who Is Affected

  • Primary: Louisiana Department of Insurance (DOI) and its data collection/analytic processes.
  • Policy Makers and Public: House and Senate committees on insurance receive the report; the public can access the report via the DOI website.
  • Market Participants: Insurance carriers (homeowners, auto, and other lines) and consumers, who may benefit from increased transparency about premiums, claims activity, market entrants/exits, profitability, and policy non-renewals/cancellations.

Potential Impact

  • Transparency and Accountability: Regular, standardized reporting on key market metrics could enhance oversight and public understanding of the Louisiana insurance market.
  • Informed Policymaking: Legislators gain year-over-year data to assess trends in pricing, claims outcomes, insurer competition, and policy non-renewals.
  • Public Access: Ensures data is accessible and presented clearly, supporting informed consumer choice and industry analysis.
  • Operational Burden: The DOI may need to adjust data collection and reporting workflows; however, the bill allows adoption of implementing rules and uses existing regulatory authorities.

Summary

HB 1142 requires the Department of Insurance to produce an annual Market Accountability Report summarizing pricing, claims, profitability, market participation, and policy non-renewals/cancellations by parish, using data from the prior calendar year. The report must be publicly available online, shared with legislative committees, and presented in an accessible format. The DOI may adopt rules to implement the provisions, and the act becomes effective upon the governor’s signature (or as provided by constitution if not signed).

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

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