Plain English Breakdown
The official source material does not provide specific details on the operations of the Department of Insurance between now and June 30, 2026.
Re-creating the Department of Insurance
This act re-establishes and continues the Louisiana Department of Insurance until July 1, 2031.
What This Bill Does
- Creates a new law that brings back the Department of Insurance on June 30, 2026.
- Sets a date for when the department will end its operations on July 1, 2031.
Who It Names or Affects
- The Department of Insurance in Louisiana
- Statutory entities that are part of the Department of Insurance
Terms To Know
- Department of Insurance
- A government agency responsible for regulating insurance companies and protecting consumers.
- Statutory authority
- The legal power given by a law to an organization or person to do something specific.
Limits and Unknowns
- It is not clear what will happen after July 1, 2031, unless the department is re-created earlier.
- This act does not specify how the Department of Insurance will operate between now and June 30, 2026.