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Bill

SB 136

INSURERS: Provides for rate transparency reports. (1/1/26)

2025 Regular Session Introduced by Tehmi Chassion and 1 co-sponsor

Louisiana requires insurers to file detailed rate transparency reports with state regulators beginning January 1, 2027, to increase pricing disclosure and regulatory oversight.

Signed by the Governor. Becomes Act No. 428.
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Bill Summary · SB 136

Legislative bill overview

SB 136 requires insurance companies operating in Louisiana to submit detailed rate transparency reports to the state insurance commissioner. The bill mandates disclosure of rate-setting methodologies, loss ratios, and pricing factors, with an effective date of January 1, 2027.

Why is this important

Insurance rates significantly affect household budgets, particularly in Louisiana where property insurance costs have risen dramatically. Greater transparency allows regulators to identify potentially unfair pricing practices and enables consumers and policymakers to better understand how premiums are calculated and justified.

Potential points of contention

  • Competitive concerns: Insurers may argue that detailed rate reporting reveals proprietary business strategies to competitors and could reduce market competition
  • Compliance costs: Implementation requires insurers to develop new reporting systems and processes, potentially increasing administrative expenses that could be passed to consumers
  • Regulatory capacity: The state insurance commissioner's office must have sufficient resources to meaningfully analyze complex actuarial data from multiple insurers
  • Data privacy: Reports containing detailed pricing algorithms and underwriting factors require careful handling to prevent misuse

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

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