Louisiana's insurance regulator just told third-party administrators to check who they're working with – and named two entities allegedly selling unlicensed insurance.
Insurance Commissioner Timothy J. Temple issued Bulletin 2026-07 on May 4, 2026. It tells every licensed third-party administrator (TPA) in the state to do due diligence before signing on with anyone selling insurance products or services in Louisiana.
The bulletin's purpose is set out in its first paragraph. The Louisiana Department of Insurance (LDI) said it was issuing the notice "to notify all licensed Third-Party Administrators (TPAs) of their obligations when entering into agreements with entities offering insurance products or services in Louisiana."
Then comes the part that gives the bulletin its bite. The LDI said it is "aware of entities, including Innovative Partners and LifeX Research, that are offering products that appear to be insurance but are not licensed to transact insurance in Louisiana." Naming names is unusual in a department bulletin and puts both entities squarely on the radar of every TPA operating in the state.
Under La. R.S. 22:46, entities transacting insurance in Louisiana have to be properly licensed. The bulletin cites the statute directly to underline the point.
The instruction to TPAs is just as plain. As licensees under La. R.S. 22:1641 et seq., they are "expected to exercise appropriate due diligence when entering into agreements with insurers or entities offering insurance-related services." That expectation, the bulletin says, "includes taking reasonable steps to verify that entities with which TPAs contract are properly licensed to conduct business in Louisiana and that those agreements comply with applicable law."
The regulator is not stopping at vetting. It wants TPAs to raise the alarm too. The bulletin asks TPAs to "promptly notify the Office of Consumer Services if they are contacted by, or have entered into agreements with, entities offering insurance products that are not licensed in Louisiana."
The closing line leaves no room to misread it. The LDI "expects all TPAs to comply with applicable law and to ensure that entities with which they contract are properly licensed to conduct business." Questions go to the Deputy Commissioner for the Office of Consumer Services, on (225) 219-0002 or at [email protected].
For TPAs, the takeaway is straightforward. In Louisiana, counterparty licensing checks are now a regulator expectation – and two entities, Innovative Partners and LifeX Research, have already been named.
