LA| The Louisiana Insurance Commissioner issued Bulletin 2026-10 notifying all domestic insurers that Act No. 336 of the 2026 Regular Legislative Session took effect August 1, 2026, amending and enacting the criteria under La. R.S. 22:601.8 for acquiring equity interests in solvent business entities — permitted where the entity is domiciled in the U.S., domiciled in a foreign jurisdiction but listed on a qualified exchange, or otherwise allowed under La. R.S. 22:601.12.
For life insurers, subsection (B) caps aggregate equity interests at 20% of admitted assets and non-qualified-exchange equity at 5%, bars using other investment provisions to circumvent those limits, prohibits uncovered short sales (unless the insurer owns the equity or an unrestricted right exercisable within six months), and exempts accident/health insurers filing under a life insurer, who instead fall under subsection (C).
For non-life insurers, subsection (C) permits preferred stock in U.S. business entities so long as securities of a single issuer and its affiliates stay under 3% of admitted assets and aggregate preferred stock stays under 25%, while newly enacted (C)(3) caps all equity interests — preferred stocks, ETFs, mutual funds, and any other direct or indirect equity — at the greater of 50% of admitted assets or 100% of policyholder surplus.
Insurers are directed to conform their investment practices and financial reporting to the new law.