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 401 Engrossed 2025 Regular Session Dickerson
Abstract: Provides relative to fees assessed to insurers and certain unexpended and unencumbered
funds.
Present law authorizes the commissioner of insurance to assess a fee on the direct premiums received
by each insurer licensed by the La. Dept. of Insurance (LDI). Proposed law retains present law.
Present law requires LDI to reduce the fee assessment by the amount exceeding 5% of the
cumulative costs of the previous year of operating insurance fraud programs for which funds were
allocated. Requires certain state entities to receive at least the same allocation for the next year if
the entity expends its allocation. Proposed law repeals present law.
Present law provides for unexpended and unencumbered monies in the Insurance Fraud Investigation
Dedicated Fund Account (account). Generally requires unexpended and unencumbered monies in
the account at the end of the fiscal year to be refunded to each licensed insurer.
Proposed law modifies present law to require unexpended and unencumbered monies in the account
at the end of the fiscal year to remain in the account.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 40:1428(C); Repeals R.S. 40:1428(A)(3))