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

Removed the mandate for insurers to provide a copy of the rate transparency report to the insured consumer upon issuing or renewing a policy.

Added specific requirements for the report to include information on the use of affiliated entities or managing general agents and any changes in total insured value for homeowners' policy renewals.

Updated the list of required report items to focus on percentages of the 'total rate' rather than 'indicated average premium' for several categories.

Changed the effective date of the law from January 1, 2027, to January 1, 2026.

The effective date was delayed from January 1, 2026 to January 1, 2027.

A Representative was added to the list of bill sponsors.

The requirement to file rate transparency reports was expanded to include all admitted insurers writing homeowner's or private passenger automobile insurance, rather than just specific coverage types.

The report format was updated to use 'indicated average premium' instead of 'total rate' and now explicitly requires a graphical representation of rating factors.

Specific line items for the percentage of reinsurance costs and defense containment costs were removed from the mandatory report contents.

The requirement to provide the report to consumers was expanded to apply to new policies as well as renewals.

The bill title was updated to reflect the Enrolled status and the change in effective date.

Updated the statutory citation in Section 1 from R.S. 22:1461.1 to R.S. 22:1464.1 to align with the correct section number for the rate transparency report requirement.

Changed the bill status header from 'ENGROSSED' to 'REENGROSSED' and updated page counts to reflect the inclusion of a new summary page.

Added a new page summarizing that the Senate adopted technical changes to the engrossed bill.