Louisiana HB1226 creates a public insurance rate transparency dashboard and mandates data submissions from insurers.
Louisiana HB1226 establishes a public insurance rate transparency dashboard within the Louisiana Department of Insurance. The dashboard will display aggregated data for homeowners' and private passenger automobile insurance, including average written premiums, percentage changes in premiums, the number of insurers, and total policies in force. Insurers must submit necessary data to the Department, which will ensure no personally identifiable information is disclosed. The dashboard will be searchable by geographic area and designed to be easily understandable for consumers.
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