SR 159 Louisiana Senate · 2025 Regular Session

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

SR 159 is a Senate resolution directing the legislative auditor and Louisiana Department of Insurance to study financial transactions between insurers operating in Louisiana, specifically focusing on residential property and auto insurance. The study will examine payments between insurers and affiliated companies (like MGAs and holding companies) from 2021-2024, including management fees, reinsurance, and commissions, to assess if these transactions affected insurers' financial stability or consumer rates. The report must analyze regulatory filings, categorize payment types, and evaluate impacts on reported losses and rate filings. The findings are due to the Senate by September 1, 2026, with no new laws created - only a factual study.

Bill status passed 3 of 5 stages cleared

Introduction

Jun 2025

Committee Review

Senate Passage

Jun 2025

House Passage

Governor

Introduced Jun 1, 2025 Last action Jun 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SR159 Original → SR159 Enrolled · 3 edits · Jun 8, 2025

MINOR

The bill was finalized and formatted for official enactment. The primary substantive change is the addition of specific details to the study's scope, now explicitly requiring an examination of financial transactions related to residential property and private passenger auto insurance, as well as a defined time period from January 1, 2021, to December 31, 2024. The header was updated to reflect the 'Enrolled' status, indicating the bill has passed all legislative steps and is ready for the Governor's signature.

Scope change

The study scope was narrowed and specified to focus on residential property and private passenger auto insurance, with a defined timeframe of January 1, 2021, through December 31, 2024.

SCOPE

The resolution now explicitly limits the study to financial transactions involving residential property and private passenger auto insurance.

TIMELINE

A specific date range for the study was added: January 1, 2021, to December 31, 2024.

TECHNICAL

The document header was updated from 'Original' to 'Enrolled' to signify the bill's final passage.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 2, 2025

Upper · Passed

Read by title and adopted.

upper

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