SB 509·LA·senate
INSURANCE DEPARTMENT: Provides relative to bank-owned life insurance. (8/1/26)
Signed into LawFiled Mar 31, 2026
Sponsor: Heather Cloud (R)
Latest Action
Signed by the Governor. Becomes Act No. 588.
Jun 1, 2026
Summary
The bill revises the language in the existing law that governs bank‑owned life insurance, deleting certain phrases and adjusting subsection references. It affects the Insurance Department’s regulatory framework and banks that hold life‑insurance policies. The amendment was signed by the Governor and is now Act 588.
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