PRIA Logo™
LouisianaHB 11512026 Regular SessionHouseWALLET

INSURANCE: Provides relative to the equity and investments of domestic insurers

Sponsored By: Michael Robert Bayham Jr. (Republican)

Signed by Governor

Insurance

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Louisiana life insurers face investment limits

Louisiana life insurers cannot buy investments that push total equity holdings above 20% of admitted assets, meaning assets counted by regulators. Equity not listed on a qualified exchange has a separate 5% cap. Insurers cannot bypass these caps by buying investments allowed elsewhere in the same legal subpart. Short sales require ownership of the investment or an unrestricted right to obtain it within six months after the sale. Accident or health insurers filing under a life insurer follow the non-life rules instead. For all domestic insurers, eligible businesses must be financially sound and based in the United States, foreign-based and listed on a qualified exchange, or permitted under R.S. 22:601.12. The insurance commissioner retains authority to review and approve investments.

Louisiana non-life insurers face investment caps

Louisiana non-life insurers face separate caps on equity investments under this law, measured after each investment. Preferred stocks in U.S. businesses have a 25% total cap and a 3% cap per issuer and its affiliates. Those percentages use admitted assets, meaning assets counted by regulators; the issuer cap excludes the U.S. government and subsidiaries authorized under R.S. 22:691.3. Investments other than exchange-traded funds and mutual funds have a 50% admitted-assets cap; unlisted equity has a 5% cap. Exchange-traded funds and mutual funds together cannot exceed the greater of 50% of admitted assets or 100% of policyholder surplus. Each individual fund has a 10% admitted-assets cap. All equity combined—including preferred stocks, funds, and direct or indirect holdings—cannot exceed that same greater-of-50%-or-100% ceiling. The commissioner can count pooled investments as the insurer’s proportional share of the underlying assets.

Sponsors & Cosponsors

Sponsor

  • Michael Robert Bayham Jr.

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 140 • No: 0

Senate vote • 5/18/2026

Rules suspended. Read by title, passed by a vote of 34 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 34 • No: 0

House vote • 4/22/2026

Read third time by title, roll called on final passage, yeas 94, nays 0. Finally passed, title adopted, ordered to the Senate.

Yes: 94 • No: 0

House vote • 4/15/2026

Reported favorably

Yes: 12 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 336.

    5/22/2026House

  2. Effective date: 08/01/2026.

    5/22/2026House

  3. Sent to the Governor for executive approval.

    5/20/2026House

  4. Received from the Senate without amendments.

    5/19/2026House

  5. Enrolled and signed by the Speaker of the House.

    5/19/2026House

  6. Signed by the President of the Senate.

    5/19/2026Senate

  7. Rules suspended. Read by title, passed by a vote of 34 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

    5/18/2026Senate

  8. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    5/11/2026Senate

  9. Read by title and referred to the Legislative Bureau.

    5/7/2026Senate

  10. Reported favorably.

    5/6/2026Senate

  11. Read second time by title and referred to the Committee on Insurance.

    4/27/2026Senate

  12. Read by title, returned to the calendar.

    4/22/2026House

  13. Called from the calendar.

    4/22/2026House

  14. Read third time by title, roll called on final passage, yeas 94, nays 0. Finally passed, title adopted, ordered to the Senate.

    4/22/2026House

  15. Received in the Senate. Read first time by title and placed on the Calendar for a second reading.

    4/22/2026Senate

  16. Scheduled for floor debate on 04/22/2026.

    4/21/2026House

  17. Read by title, ordered engrossed, passed to 3rd reading.

    4/16/2026House

  18. Reported favorably (12-0).

    4/15/2026House

  19. Read by title, under the rules, referred to the Committee on Insurance.

    4/1/2026House

  20. Read by title. Lies over under the rules.

    3/31/2026House

Bill Text

Related Bills

Back to State Legislation