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Bill

SB 137

INSURERS: Requires insurers to notify the Department of Insurance upon ceasing, pausing, or resuming the writing of policies in a particular region. (1/1/26)

2025 Regular Session Introduced by Mike Bayham and 17 co-sponsors

Louisiana requires insurers to notify the state insurance department when they start, stop, or resume writing policies in any regional area.

Signed by the Governor. Becomes Act No. 429.
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Bill Summary · SB 137

Legislative bill overview

SB 137 requires insurance companies operating in Louisiana to notify the Department of Insurance whenever they cease, pause, or resume writing insurance policies in any particular region of the state. The notification requirement takes effect January 1, 2026, and applies to all insurers subject to the state's regulatory authority.

Why is this important

Insurance availability significantly affects property owners' ability to obtain coverage and influences economic development in underserved areas. By requiring real-time notification of market exits and entries, Louisiana gains visibility into insurance market dynamics and can identify regions experiencing coverage gaps, enabling faster regulatory intervention if needed.

Potential points of contention

  • Regulatory burden: Insurers may view notification requirements as administrative overhead, particularly smaller carriers operating in multiple regions
  • Incomplete information: Notification alone doesn't solve underlying market problems (climate risk, profitability); regulators still need separate authority to address root causes
  • Competitive sensitivity: Detailed market movement data could reveal strategic business decisions to competitors if not properly protected from public disclosure

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

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