INSURANCE: Provides relative to institutional advertising expenses

HB 612 prohibits Louisiana insurance companies from including "institutional advertising expenses" when calculating insurance rates. The bill amends rate regulation statutes to explicitly exclude these advertising costs from the definition of "expenses" used in rate-setting, affecting all insurers operating in Louisiana. This change requires insurers to base rates solely on other operational costs like acquisition, field supervision, and general expenses, not on marketing or brand advertising budgets.