Louisiana HB1142 mandates the Department of Insurance to issue an annual market accountability report.
Louisiana HB1142 requires the Department of Insurance to issue an annual insurance market accountability report. The report must include average homeowners' and auto insurance premiums changes by parish, claims filed, paid, and denied by parish, loss ratios and profitability by line of insurance, market entries and exits participation by insurers, and non-renewal and cancellation rates. The report must be submitted to the House and Senate committees on insurance and made publicly available on the department’s website.
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