SCR 61 Louisiana Senate · 2025 Regular Session

INSURERS: To authorize and direct the legislative auditor and the Department of Insurance to study the financial transactions of foreign and domestic insurers who are authorized to do and are doing business in Louisiana.

SCR 61 directs Louisiana's legislative auditor and Department of Insurance to study financial transactions between insurers operating in Louisiana (specifically for residential property and auto insurance) and their related companies, like managing agents and holding firms, from 2021 to 2024. The study must examine payment types (such as management fees and reinsurance), assess how these transactions might affect insurer solvency or consumer costs, and review prior regulatory findings. It requires a final report by September 2026, detailing findings and potential reforms. This resolution targets transparency in insurer finances but does not change insurance laws or rates.
Bill status introduced 1 of 4 stages cleared
Introduction
Jun 2025
Committee Review
Floor Vote
Governor
Introduced Jun 1, 2025 Last action Jun 2, 2025
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Jun 1, 2025
Introduced
Introduced in the Senate. Read by title and placed on the Calendar for a second reading.
upper
1 primary · 0 co-sponsors

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P
Photo of Patrick Connick
Patrick Connick
RRepublican
LA
8