Directs state agencies and entities under the jurisdictional oversight of the Senate Committee on Insurance to continue to submit statutorily mandated reports until such time as the mandate is specifically amended or repealed.
By extending the requirements for report submissions, SR73 reinforces the legislative framework that governs the operation of executive branch agencies related to insurance. The resolution adheres to the provisions laid out in Louisiana Revised Statute 49:1401, which sets a timeline for the expiration of reporting mandates after five regular sessions unless extended by legislative action. This mechanism allows for continued data collection and assessment of insurance operations, which can inform future legislative decisions and reforms.
Senate Resolution 73 directs executive branch agencies that fall under the jurisdiction of the Senate Committee on Insurance to continue submitting statutorily mandated reports until the mandates are specifically amended or repealed. This resolution emphasizes the ongoing requirement for these agencies to maintain compliance with reporting obligations as established by previous legislative mandates, showcasing the legislative intent to ensure accountability and oversight within the insurance sector in Louisiana.
The sentiment around SR73 appears to be generally supportive among legislators who prioritize transparency and accountability in the insurance sector. There is an understanding of the importance of these reports for assessing agency performance and ensuring that the needs of stakeholders are addressed. While no significant opposition to the resolution is noted, concerns may arise regarding the extent of reporting requirements and the bureaucratic burden they could impose on agencies.
Although SR73 currently enjoys bipartisan support, discussions about legislative mandates often raise questions about the balance between necessary oversight and administrative efficiency. Some stakeholders may argue that excessive reporting can divert resources away from core agency functions. However, proponents fear that a reduction in reporting requirements could lead to decreased state oversight and accountability, particularly in an area as critical as insurance.