HB1151

Louisiana HB1151 regulates equity and investment limits for domestic insurers.

Louisiana HB1151 amends the investments of domestic insurers, focusing on solvency and equity interests. It sets limits on the aggregate amount of equity interests held by insurers, prohibiting life insurers from exceeding 20% of admitted assets in equity. It also restricts life insurers from short-selling equity unless covered by owning the equity or having an unrestricted right within six months. Insurers other than life insurers can acquire preferred stocks in U.S. business entities, provided certain conditions are met.