Legislature approves expanding insurance commissioner's authority

KTBS, By Nolan McKendry, May 27, 2025

(The Center Square) – The Louisiana Legislature has passed a bill that would give the state insurance commissioner broader authority to regulate insurance rates − including the power to declare rates “excessive” regardless of market conditions.

The bill now heads to the governor’s desk.

House Bill 148, authored by Rep. Jeff Wiley, R-Maurepas, eliminates the legal distinction between “competitive” and “noncompetitive” insurance markets, a framework that previously limited when the commissioner could intervene.

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