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LouisianaHB 9042026 Regular SessionHouseWALLET

INSURANCE: Establishes guidelines for the regulation of captive insurance companies and risk retention groups

Sponsored By: Dennis Bamburg Jr. (Republican)

Signed by Governor

Insurance

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Bill Overview

Analyzed Economic Effects

5 provisions identified: 1 benefits, 0 costs, 4 mixed.

Insurance groups gain ownership and rule flexibility

Louisiana-chartered and licensed captive insurers and risk retention groups can operate even when an insurance company owns or belongs to them. Direct or indirect ownership no longer bars them from doing business in the state. The commissioner can also waive insurance-law requirements for risk retention groups. Waivers cannot violate National Association of Insurance Commissioners accreditation requirements.

Captive insurers can take larger capped risks

Association captive insurers generally cannot risk losing more than 10% of their capital and surplus on one risk. The Louisiana commissioner can approve single-risk exposure for a captive insurer or risk retention group up to 30%. That approval allows larger risks but still sets a ceiling. Amounts covered by reinsurance do not count toward either limit.

Captive insurers face rate review and enforcement

The Louisiana commissioner can require covered captive insurers and risk retention groups to file rates backed by insurance-risk calculations. Filed rates can take effect after 45 days unless disapproved; the commissioner can reject filings over financial concerns. The commissioner can issue rules to enforce captive-insurance law and meet national accreditation standards for covered risk retention groups. Collected captive-insurance premium taxes can be retained for tax collection, enforcement, and department operations. The law sets no specific premium change or amount of tax money to retain.

Captive insurers get flexibility and deposit rules

Louisiana captive insurers and risk retention groups can hold capital in several forms, including cash, bonds, securities, and letters of credit. Other options include surplus debentures, direct U.S. government debt, and approved trusts pledged to the commissioner. The commissioner can approve other forms and set added requirements based on the type, size, and nature of insurance business. Before receiving authority to operate, association captive insurers must document a $100,000 deposit in money or U.S. bonds or equivalent. The commissioner can require additional deposits for financial concerns, documented by an eligible in-state bank's safekeeping or trust receipt and held in trust.

Insurance groups face board and reporting rules

Louisiana-chartered and licensed captive insurers and risk retention groups must file annual financial reports by March 1. Reports cover the year ending the prior December 31; captive insurers use the commissioner's form. Risk retention groups use the National Association of Insurance Commissioners' annual statement form and accounting rules, unless law provides otherwise. Their board members must follow that association's corporate governance standards for domestic risk retention groups. The groups must also maintain governance rules that are substantially similar to those standards.

Sponsors & Cosponsors

Sponsor

  • Dennis Bamburg Jr.

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 241 • No: 0

House vote • 5/13/2026

Read by title, roll called, yeas 97, nays 0, Senate amendments concurred in.

Yes: 97 • No: 0

Senate vote • 5/11/2026

The amended bill was read by title, passed by a vote of 36 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 36 • No: 0

House vote • 4/1/2026

Read third time by title, amended, roll called on final passage, yeas 93, nays 0. Finally passed, title adopted, ordered to the Senate.

Yes: 93 • No: 0

House vote • 3/25/2026

Reported with amendments

Yes: 15 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 326.

    5/22/2026House

  2. Effective date: 05/22/2026.

    5/22/2026House

  3. Sent to the Governor for executive approval.

    5/19/2026House

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

    5/18/2026House

  5. Signed by the President of the Senate.

    5/18/2026Senate

  6. Read by title, roll called, yeas 97, nays 0, Senate amendments concurred in.

    5/13/2026House

  7. Received from the Senate with amendments.

    5/12/2026House

  8. Scheduled for concurrence on 05/13/2026.

    5/12/2026House

  9. The amended bill was read by title, passed by a vote of 36 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

    5/11/2026Senate

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

    4/28/2026Senate

  11. Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.

    4/27/2026Senate

  12. Reported with amendments.

    4/22/2026Senate

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

    4/8/2026Senate

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

    4/7/2026Senate

  15. Read third time by title, amended, roll called on final passage, yeas 93, nays 0. Finally passed, title adopted, ordered to the Senate.

    4/1/2026House

  16. Scheduled for floor debate on 04/01/2026.

    3/30/2026House

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

    3/26/2026House

  18. Reported with amendments (15-0).

    3/25/2026House

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

    3/9/2026House

  20. Prefiled.

    2/27/2026House

  21. Under the rules, provisionally referred to the Committee on Insurance.

    2/27/2026House

  22. First appeared in the Interim Calendar on 2/27/2026.

    2/27/2026House

Bill Text

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