HLS 22RS-1315 ORIGINAL
2022 Regular Session
HOUSE BILL NO. 934
BY REPRESENTATIVE ROBBY CARTER
INSURANCE COMMISSIONER: Repeals an exemption from the Unfair Trade Practices
and Consumer Protection Law for insurance regulators
1 AN ACT
2To amend and reenact R.S. 51:1406(1), relative to exemptions from the Unfair Trade
3 Practices and Consumer Protection Law; to repeal an exemption for the
4 commissioner of insurance; to repeal an exemption for insurance regulators of other
5 states; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 51:1406(1) is hereby amended and reenacted to read as follows:
8 ยง1406. Exemptions
9 The provisions of this Chapter shall not apply to:
10 (1) Any federally insured financial institution, its subsidiaries, and affiliates
11 or any licensee of the Office of Financial Institutions, its subsidiaries, and affiliates
12 or actions or transactions subject to the jurisdiction of the Louisiana Public Service
13 Commission or other public utility regulatory body, the commissioner of financial
14 institutions, the insurance commissioner, the financial institutions and insurance
15 regulators of other states, or federal banking regulators who possess authority to
16 regulate unfair or deceptive trade practices.
17 * * *
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 22RS-1315 ORIGINAL
HB NO. 934
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)]
HB 934 Original 2022 Regular Session Robby Carter
Abstract: Repeals an exemption from the Unfair Trade Practices and Consumer Protection
Law for insurance regulators.
Present law provides an exemption from the Unfair Trade Practices and Consumer
Protection Law for any federally insured financial institution, its subsidiaries, and affiliates
or any licensee of the Office of Financial Institutions, its subsidiaries, and affiliates or
actions or transactions subject to the jurisdiction of the Louisiana Public Service
Commission or other public utility regulatory body, the commissioner of financial
institutions, the insurance commissioner, the financial institutions and insurance regulators
of other states, or federal banking regulators who possess authority to regulate unfair or
deceptive trade practices.
Proposed law repeals the exemption in present law for the commissioner of insurance and
insurance regulators of other states.
(Amends R.S. 51:1406(1))
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.