HLS 23RS-469 ORIGINAL 2023 Regular Session HOUSE BILL NO. 113 BY REPRESENTATIVE WHITE Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. HOUSING/AUTHORITIES: Provides relative to volunteer board members of certain interlocal risk management agencies 1 AN ACT 2To amend and reenact R.S. 22:41.3(Section heading) and to enact R.S. 22:41.3(C)(4), 3 relative to volunteer board members of interlocal risk management agencies formed 4 by local housing authorities; to exempt such volunteer board members from certain 5 filing submissions to the commissioner of insurance; and to provide for related 6 matters. 7Be it enacted by the Legislature of Louisiana: 8 Section 1. R.S. 22:41.3(Section heading) is hereby amended and reenacted and R.S. 922:41.3(C)(4) is hereby enacted to read as follows: 10 ยง41.3. Requirements for officers and directors of domestic regulated entities; 11 exemptions 12 * * * 13 C. 14 * * * 15 (4) The provisions of Paragraph (1) and Subparagraphs (2)(a) through (c) of 16 this Subsection and Subsection E of this Section do not apply to volunteer board 17 members of an interlocal risk management agency authorized pursuant to R.S. 18 33:1351 et seq. 19 * * * Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 23RS-469 ORIGINAL HB NO. 113 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 113 Original 2023 Regular Session White Abstract: Exempts volunteer board members of interlocal risk management agencies formed by local housing authorities from submitting certain information to the commissioner of insurance. Present law (R.S. 22:41.3) requires directors, officers, and trustees of domestic regulated entities to submit certain information including but not limited to biographical information, third-party background verifications, fingerprint cards, and sworn statements to the commissioner of insurance within 30 days of election or appointment. Present law requires such submissions to the commissioner for purposes of the commissioner's issuance of a letter of no objection to a respective director's, officer's, or trustee's service in his capacity. Proposed law exempts volunteer board members of an interlocal risk management agency, as defined in the "Local Housing Authority Self-Insurance Act of 1981" (R.S. 33:1351 et seq.), from the present law submission requirements. Otherwise retains present law. (Amends R.S. 22:41.3(Section heading); Adds R.S. 22:41.3(C)(4)) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.