LOU LEG Motor Vehicle Liability

On May 23, LOU LEG enacted bill re lapse of motor vehicle liability.

  • LOU LEG passed HB 384, amend LOU LEG 32:863(A)(3)(a) (sanctions, reinstatement), by extending the grace period re penalties for lapse of motor vehicle liability security.
  • Amendment increases lapse of insurance period from 10 days, fee not imposed if immediate cancellation notice is given within 1 to 4 days before issuing the violation.
  • Legislative History
  • On Mar. 11, 2024, bill introduced in House; on Apr. 2, 2024, bill was passed in House.
  • On Apr. 3, 2024, bill delivered to Senate; on May 13, 2024, bill was passed in Senate.
  • On May 21, 2024, House concurred amendments; on May 23, 2024, bill to governor.
  • Effectiveness
  • If approved, bill HB 384 becomes effective as of Aug. 1, 2024.
  • Jun. 2024 LOU LEG Governor Approval
  • On Jun. 3, 2024, LOU LEG reported governor approved HB 384, assigned as Act 426.

Regulators LOU LEG
Entity Types CNSM; Ins
Reference Act 426, 6/3/2024; Bill HB384, 5/23/2024; Citation: LOU LEG 32:863;
Functions Compliance; Financial; Legal; Risk; Underwriting
Countries United States of America
Products Insurance; Insurance-Property
Regions Am
Rule Type Final
Rule Date 5/23/2024
Effective Date 8/1/2024
Rule Id 213232
Linked to N/A
Reg. Last Update 6/3/2024
Report Section US Insurance

Last substantive update on 06/09/2024