Louisiana 2014 2014 Regular Session

Louisiana House Bill HB879 Comm Sub / Analysis

                    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)]
Thibaut	HB No. 879
Abstract: Changes the date for filing annual registration statements for insurance holding
companies to April 30; exempts insurers with annual direct written and assumed premiums
of less than $500 million from filing an annual enterprise risk report; and exempts documents
provided to the Dept. of Insurance in the course of an examination or investigation from the
Public Records Law.
Present law requires insurance holding companies to file annual registration statements by April 1.
Proposed law requires insurance holding companies to file annual registration statements by April
30.
Present law requires every insurance holding company to file an annual enterprise report.
Proposed law provides an exemption to filing an annual enterprise report for insurers with annual
direct written and assumed premiums of less than $500 million.
Proposed law provides an exemption to the Public Records Law for documents and other
information obtained by or disclosed to the commissioner of insurance in the course of an
examination or investigation.
(Amends R.S. 22:691.6(A)(2), (J)(2), and (L), 691.10(A) and (D), and R.S. 44:4.1(B)(11))