On Jun. 4, 2025, LOU LEG governor approved bill SB 40 re licensure, assigned Act 29.
On May 28, LOU LEG passed bill to update licensure requirements.
LOU LEG passed Bill SB 40 which updates licensure requirements for persons regulated by the department of insurance, including required hours of continuing education (CE).
Producers and consultants authorized to write personal and business property and/or casualty insurance must complete 24 hours of approved CE before license renewal.
Life insurance, accident, health or sickness producers and consultants, and adjusters must complete annually 2 hours of instruction dedicated to insurance law updates.
Additionally, an individual employed by an insurer who adjusts a loss, or authorizes a payment on claim that does not exceed $2000 is exempt from licensing requirements.
Legislative History
On Apr. 14, 2025, bill introduced in Senate; on Apr. 23, 2025, bill passed in Senate.
On Apr. 28, 2025, bill introduced in House; on May 27, 2025, amended bill passed.
On May 28, 2025, Senate concurred in House proposed amendments to the bill.
Effectiveness
Bill becomes effective on Aug. 1, 2025.
Jun. 2025 LOU LEG Governor Approval
On Jun. 4, 2025, LOU LEG governor approved bill SB 40 re licensure, assigned Act 29.
