SB 276 — INSURANCE DEPARTMENT: Provides for the appointment of a bail bond producer. (8/1/26) (EN +$410,830 SG EX See Note)

SLS 26RS-325 ENGROSSED Regular Session ENROLLED SENATE BILL NO.

276 BY SENATOR MYERS INSURANCEAN DEPARTMENT.ACT To enactR.S.

Provides for the appointment of a bail bond producer.

(8/1/26) AN ACT To enact R.S.

to provide for cancellation of an appointment if the bail bondproducerfailstosatisfyallforfeituresandjudgmentsonpriorbonds;toprovide forreappointments;toforreappointments;toprovideforappeals;toprovideforrulemaking; provideforappeals;toprovideforrulemaking;toprovidefor definitions;

to providefor definitions;

PageB.(1) 1If ofthe 3bail Coding:bond producer does not satisfy or discharge all forfeitures or judgments, a former insurer shall submit a notice, with supporting documents, to the appointing insurer, the bail bond producer, and the commissioner, which states, under oath, that the bail bond producer has failed to satisfy, in a timely manner, all forfeitures and judgments on bonds written by the bail bond producer and that the former insurer has satisfied a forfeitureorjudgmentfromitsownfunds.

Theformerinsurershallsubmitthe notice and supporting documents no later than thirty days after the former insurer receives the affidavit from the bail bond producer.

(2)Uponreceiptofthenoticeandsupportingdocuments,theappointing Page 1 of 2 Coding:

SLS 26RS-325 ENGROSSED SB NO.

276 B.(1)ENROLLED If the bail bond producer does not satisfy or discharge all forfeitures or judgments, a former insurer shall submitimmediately acancel notice, with supporting documents, to the appointing insurer, the bail bond producer,producer's andappointment. the commissioner, which states, under oath, that the bail bond producer has failed to satisfy, in a timely manner, all forfeitures and judgments on bonds written by the bail bond producer and that the former insurer has satisfied a forfeitureorjudgmentfromitsownfunds.

Theformerinsurershallsubmitthe notice and supporting documents no later than thirty days after the former insurer receives the affidavit from the bail bond producer.

(2)Uponreceiptofthenoticeandsupportingdocuments,theappointing insurer shall immediately cancel the bail bond producer's appointment.

PagePRESIDENT 2OF ofTHE 3SENATE Coding:SPEAKER OF THE HOUSE OF REPRESENTATIVES GOVERNOR OF THE STATE OF LOUISIANA APPROVED:

WordsPage which2 areof struck2 throughCoding: are deletions from existing law;

words in boldface type and underscored are additions.

SLS 26RS-325 ENGROSSED SB NO.

276 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared bySenate Legislative Services.

The keyword, summary, and digest do not constitute part of the law or proof or indicia of legislative intent.

[R.S.

1:13(B) and 24:177(E)] DIGEST SB 276 Engrossed 2026 Regular Session Myers Present law provides for licensure of insurance producers.

Present law further provides for the appointment of an insurance producer as an agent of an insurance company.

Proposed law retains present law.

Proposed law requires, before receiving an appointment, a bail bond producer to submit to the commissioner of insurance an affidavit signed by the bail bond producer and by all formerinsurers,statingthatthebailbondproducerdoesnotoweanypremiumorunsatisfied judgment to any insurer and that the bail bond producer agrees to discharge all outstanding forfeitures and judgments on bonds previously written.

Proposed law provides that if the bail bond producer does not satisfy or discharge all forfeituresorjudgments,aformerinsurermustsubmitanotice,withsupportingdocuments, to the appointing insurer, the bail bond producer, and the commissioner, which states that the bail bond producer has failed to satisfythe forfeitures and judgments on bonds written by the bail bond producer and that the former insurer has satisfied a forfeiture or judgment from its own funds.

Proposedlawrequires,upon receiptofthenoticeandsupportingdocuments,theappointing insurer to immediately cancel the bail bond producer's appointment.

Proposed law further provides that the bail bond producer may be reappointed only upon certification by the formerinsurerthatallforfeituresandjudgmentsonbonds writtenbythebailbond producer have been discharged.

Proposed law allows the appointing insurer or bail bond producer to appeal to the commissioner no later than ten days after receiving the notice and supporting documents from the former insurer.

Effective August 1, 2026.

(Adds R.S.

22:1558.1) Page 3 of 3 Coding: