Louisiana’s newly enacted House Bill 672 has introduced a wave of regulatory changes that specifically target managing general agents (MGAs) operating within the state. These changes, which took effect in August 2024, aim to bring enhanced scrutiny and accountability to the intermediaries playing a growing role in the insurance ecosystem.

The bill’s core provisions impose more stringent oversight on MGAs — entities that historically operated with less regulatory interference compared to insurers. While Louisiana is not the first state to impose tighter regulations on these intermediaries, House Bill 672 stands out due to its rigorous reporting obligations, financial thresholds and restrictions on the movement of key personnel in cases of insurer insolvencies.