LOU LEG Uninsured Motorists Form

On May 22, LOU LEG passed bill re uninsured motorists, policy forms.

  • LOU LEG passed HB 511 on uninsured motorist rejection form record retention.
  • Provisions amended LOU LEG 22:1295(1)(a)(ii) on uninsured motorist coverage.
  • Bill Provisions
  • Insurer must verify proper completion of uninsured form for rejection of coverage.
  • Authorized insurers to require producers of record to obtain, deliver forms to insurer.
  • However, prohibited from delegating retention responsibilities to producers of record.
  • Legislative History
  • On Mar. 11, 2024, bill introduced in House; on Apr. 3, 2024, bill was passed in House.
  • On Apr. 3, 2024, bill introduced to Senate; on May 14, 2024, bill was passed in Senate.
  • On May 22, 2024, bill was delivered to governor; bill pending governor review.
  • Effectiveness
  • If approved, bill HB 511 re uninsured motorists policies will become effective on Aug. 1 2024, and bill provisions will apply to new policies written on or after Apr. 1, 2025.
  • May 28, 2024, LOU LEG Governor Approval
  • On May 28, 2024, LOU LEG enacted bill HB 511 with governor's approval, Act 381.

Regulators LOU LEG
Entity Types Ins
Reference Act 381, 5/28/2024; Bill HB511, 5/22/2024; Citation: LOU LEG 22:1295;
Functions Compliance; Financial; Legal; Operations; Product Administration; Record Retention; Underwriting
Countries United States of America
Products Insurance; Insurance-Property
Regions Am
Rule Type Final
Rule Date 5/22/2024
Effective Date 8/1/2024
Rule Id 212836
Linked to N/A
Reg. Last Update 5/28/2024
Report Section US Insurance

Last substantive update on 06/06/2024