LA| The Notice of Intent, published in the Louisiana Register, Vol. 51, No. 4, on April 20, 2025, is a formal notice from the Louisiana Department of Insurance detailing its intent to amend Rule 13—Special Assessment; Creation of Dedicated Fund Account, in response to legislative changes enacted by Act 340 of the 2024 Regular Session. The amendments primarily update the rule to reflect current law, redirect funding from the now-defunct Louisiana Automobile Theft and Insurance Fraud Prevention Authority (LATIFPA) to support insurance fraud detection, investigation, public education, and prosecution, and clarify the allocation of collected fees among the Insurance Fraud Investigation Unit (State Police), the Insurance Fraud Support Unit (Department of Justice), and the Insurance Fraud Section (Department of Insurance). The rule changes are not expected to have measurable impacts on small businesses, providers, families, household finances, or competition and employment, as they involve technical updates and reallocation of existing funds rather than new assessments or requirements.
Key points:
- The amendments to Rule 13 reallocate special assessment funds away from LATIFPA to insurance fraud investigation and related activities, with no new fiscal impact or changes in total assessment levels.
- The proposed rule changes are anticipated to have no measurable effect on small businesses, providers, families, or employment, as they are technical in nature and do not introduce new costs or administrative burdens.