LOU LEG Insurer Exam NAIC Protocol

On May 23, LOU LEG passed bill for exams to refer to NAIC guidebook.

  • LOU LEG enacted bill HB 311 to update materials for use by insurance examiners.
  • Amend LOU INS 22-1981 (commissioner of insurance to examine insurers, producers).
  • Document dated May 23, 2024, received from LOU LEG May 31, summarized Jun. 3.
  • Key Bill Provisions
  • Current law requires a certified examiner in the State of Louisiana for insurers and/or insurance producers to observe NAIC Examiners' handbook guidelines for compliance.
  • HB 311 adds NAIC Market regulation handbook to materials an examiner must rely on.
  • Legislative History
  • On Mar. 11, 2024, bill was introduced in the House; on Apr. 2, 2024, bill passed House.
  • On Apr. 22, 2024, bill introduced in Senate; on May 14, 2024, bill passed the Senate.
  • On May 21, 2024, bill sent to the governor; on May 23, 2024, bill signed by governor.
  • Effectiveness
  • Louisiana House bill HB 311 was assigned Act 250; becomes effective on Aug. 1, 2024.

Regulators LOU LEG
Entity Types IB; Ins
Reference Act 250, Bill, HB311, 5/23/2024; Citation: LOU INS 22-1981;
Functions Exams
Countries United States of America
Products Insurance
Regions Am
Rule Type Final
Rule Date 5/23/2024
Effective Date 8/1/2024
Rule Id 214143
Linked to N/A
Reg. Last Update 5/23/2024
Report Section US Insurance

Last substantive update on 06/05/2024