WorkersCompensation.com's CompNewsNetwork: LA Commissioner's Take On Legislative Session

LA Commissioner's Take On Legislative Session
================================================================================
compnewsnetwork on 02 July, 2009 01:43:00
 
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.