The Louisiana Department of Insurance has officially promulgated Regulation 135, which gives the Insurance Commissioner the authority to create advisory boards and commissions. The regulation carries out a provision of Act 339 of the 2024 Regular Session of the Louisiana Legislature.

The commissioner may create advisory boards or commissions to advise on the availability and affordability of insurance in the state and other insurance issues submitted by the commissioner. The commissioner may appoint members, appoint the Chair and Vice Chair, and assign studies or reports to the board. Subcommittees may also be formed with the approval of the commissioner.

Advisory boards will be responsible for providing recommendations to the Commissioner and must meet at least quarterly unless otherwise directed. To ensure transparency, members are required to disclose conflicts of interest, and those with substantial economic ties to Department-supervised contracts are prohibited from participating in related transactions. All advisory boards and commissions will automatically terminate at the end of the commissioner’s four-year term, but can also be terminated by the commissioner at any time.