INSURANCE: Provides relative to the equity and investments of domestic insurers
This bill updates Louisiana laws governing how domestic insurance companies can invest their money, specifically focusing on equity and preferred stock holdings. It sets limits on how much of an insurer's assets can be invested in stocks from a single company, requiring that such investments stay below three percent of admitted assets, while also capping total preferred stock holdings at twenty-five percent of admitted assets. The legislation distinguishes between life insurers and other types of insurers, imposing stricter rules on life insurers regarding unlisted equity investments and prohibiting short selling without owning the underlying assets. Additionally, it gives insurance regulators the authority to require insurers to treat investments in mutual funds and exchange-traded funds as direct ownership of underlying assets for evaluation purposes. These changes aim to provide clearer guidelines for maintaining insurer solvency while allowing regulated investment flexibility.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2026
Committee Review
May 2026
House Passage
Apr 2026
Senate Passage
May 2026
Signed into Law
May 2026
Introduced Mar 31, 2026
Signed May 22, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
HB1151 Original
→
HB1151 Act 336
·
3 edits
MINOR
The bill was finalized and enrolled as Act 336, removing the original draft digest and adding official signatures from the Governor and Senate President. The substantive legal text regarding insurance investment limits remained unchanged from the original version, with only minor formatting adjustments to the line numbering and section headers.
Scope change
None; the bill's scope and applicability are identical to the original draft.
TECHNICAL
Removed the 'Digest' section and 'HLS 26RS-2370' original tracking numbers which are not part of the final law.
Added 'ENROLLED' status and signatures from the Speaker of the House, President of the Senate, and Governor.
Adjusted page count references from 'Page 1 of 4' to 'Page 1 of 3' to reflect the final version.
Floor votes · Senate May 18, 2026 · House Apr 22, 2026
How they voted
35–0
Passed · 5 other
Total votes 40
May 18, 2026
D
Democratic12
75% Yea
R
Republican28
92% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
4
Committee
4
May 18, 2026
Upper · Passed
Rules suspended. Read by title, passed by a vote of 34 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
upper
May 7, 2026
Committee
Read by title and referred to the Legislative Bureau.
upper
May 6, 2026
Upper · Passed
Reported favorably.
upper
Apr 22, 2026
Lower · Passed
Read third time by title, roll called on final passage, yeas 94, nays 0. Finally passed, title adopted, ordered to the Senate.
lower
Apr 15, 2026
Lower · Passed
Reported favorably (12-0).
lower
Apr 1, 2026
Committee
Read by title, under the rules, referred to the Committee on Insurance.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Bayham
RRepublican
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