HLS 10RS-1168 ORIGINAL Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2010 HOUSE BILL NO. 285 BY REPRESENTATIVE PEARSON INSURANCE/SURPLUS LINE: Exempts surplus lines insurance delivered by approved unauthorized insurers from laws regarding form and rate filing and approval AN ACT1 To enact R.S. 22:446, relative to surplus lines insurance; to exempt approved unauthorized2 insurers delivering such insurance in this state from laws regarding form and rate3 filing and approval; and to provide for related matters.4 Be it enacted by the Legislature of Louisiana:5 Section 1. R.S. 22:446 is hereby enacted to read as follows:6 ยง446. Surplus lines insurance delivered by approved unauthorized insurers;7 exemption from form and rate filing and approval8 Notwithstanding any other provision of this Code to the contrary, approved9 unauthorized insurers delivering surplus lines insurance in this state shall not be10 required to file or seek approval of their forms and rates.11 Section 2. This Act shall become effective upon signature by the governor or, if not12 signed by the governor, upon expiration of the time for bills to become law without signature13 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If14 vetoed by the governor and subsequently approved by the legislature, this Act shall become15 effective on the day following such approval.16 HLS 10RS-1168 ORIGINAL HB NO. 285 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] Pearson HB No. 285 Abstract: Exempts approved unauthorized insurers delivering surplus lines insurance in this state from laws regarding form and rate filing and approval. Proposed law provides that, notwithstanding any other provision of the Insurance Code to the contrary, approved unauthorized insurers delivering surplus lines insurance in this state shall not be required to file or seek approval of their forms and rates. Effective upon signature of governor or lapse of time for gubernatorial action. (Adds R.S. 22:446)