LA| Bulletin 2026-07 from the Louisiana Department of Insurance reminds all licensed third-party administrators (TPAs) that they must exercise due diligence before entering agreements with any entity offering insurance products or services in Louisiana, including verifying that such entities are properly licensed under Louisiana law and that contracts comply with applicable statutes. The bulletin notes that entities such as Innovative Partners and LifeX Research appear to be offering insurance products without being licensed to transact insurance in the state, and it instructs TPAs to promptly notify the Office of Consumer Services if they are contacted by, or have contracted with, any entity offering unlicensed insurance products. The LDI emphasizes its expectation that TPAs ensure all counterparties are duly licensed and provides contact information for the Deputy Commissioner of the Office of Consumer Services for any questions about the bulletin.
Louisiana Cracks Down on Unlicensed Insurance: Due Diligence Required for All TPA Agreements
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