Louisiana House Bill HR239

Louisiana 2018 Regular Session

• Introduced: 5/16/18

Caption

Requests the Department of Insurance to create a task force to study the penalties and attorney fees provisions in the Louisiana Insurance Code and make recommendations for simplification and clarification

Impact

If implemented, HR239 would lead to the creation of a task force composed of representatives from various relevant interests in the insurance sector. This task force is tasked with studying existing statutory provisions and making recommendations for their simplification and clarification. By addressing these aspects, the bill potentially impacts state laws governing insurance practices, which could streamline regulations and enhance clarity within the legal framework that insurers adhere to.

Summary

House Resolution 239 (HR239) urges and requests the Louisiana Department of Insurance to establish a task force focused on studying the penalties and attorney fees provisions outlined in the Louisiana Insurance Code. The bill emphasizes the importance of these provisions to the public and businesses in the state, and the necessity for a thorough examination before proposing any changes. The resolution aims to maintain public confidence in both the insurance industry's regulation and its operational reliability.

Sentiment

The sentiment surrounding HR239 appears to be generally supportive, as it seeks to address core issues within the insurance landscape of Louisiana. Stakeholders recognize the necessity for clarity and simplification in regulatory processes, which is seen as beneficial for both consumers and providers. However, the involvement of a task force indicates a cautious approach to regulatory changes, ensuring that multiple perspectives and concerns are considered in the review process.

Contention

While HR239 is framed positively, potential contention may arise regarding the balance between regulatory oversight and the interests of various parties involved in the insurance sector. Some industry representatives might be concerned that any changes suggested by the task force could lead to unforeseen complications or could dilute necessary protections for consumers. The effectiveness of the task force's recommendations and whether they will fully address the complexities of the insurance code without introducing additional challenges will be critical in evaluating the resolution's overall impact.