LA Commissioner's Take On Legislative Session

Baton Rouge, LA (CompNewsNetwork) - Commissioner of Insurance Jim Donelon announces a successful legislative session for insurance bills in the 2009 Regular Session of the Louisiana Legislature. The Department of Insurance (DOI) saw 20 out of 21 proposed insurance bills successfully pass in this session, which will bring about needed changes in the insurance industry. “I am delighted to know that nearly all of the insurance bills we requested were approved by both the House and Senate. With support from many legislators we have been able to make positive revisions to the insurance code, creating a benefit to consumers across the state,” said Commissioner Donelon. 

Act No. 99 - HB 669 - Third Party Administrator (TPA) – Removes licensed insurers from the definition of a TPA and provides them with an exemption for additional licensure and from obtaining an additional license or bond. The legislation requires that insurers acting as third party administrators must comply with all of the other provisions included in the TPA law has passed.