LOU LEG Motorist Insurance Coverage

On May 31, LOU LEG passed bill re uninsured/underinsured coverage.

  • LOU LEG passed Bill SB 499 related to uninsured and underinsured motorist insurance.
  • Amended provisions in Louisiana Revised Statutes LOU INS 22:1295 and LOU INS 22:1296 to provide for uninsured motorist coverage and exception for the coverage.
  • Motorist Insurance Coverage
  • Specifies that if the form prescribed by LOU INS is signed but not properly completed, there will be no uninsured motorist coverage or modified uninsured motorist coverage.
  • For commercial auto policies, insured can choose uninsured coverage on the form; if no selection is made on the form or premium paid, coverage will not apply to policy.
  • Legislative History
  • On Apr. 2, 2024, bill introduced in Senate; on May 29, 2024, bill was passed in Senate.
  • On May 15, 2024, bill delivered to House; on May 28, 2024, bill was passed in House.
  • On May 31, 2024, bill was delivered to governor, and is pending governor action.
  • Effectiveness
  • If approved, bill is effective as of Aug. 1, 2024.
  • Jun. 2024 LOU LEG Governor Approval
  • On Jun. 22, 2024, LOU LEG reported governor signed bill into law, now Act No. 770.

Regulators LOU LEG
Entity Types Ins
Reference Act No. 770, 6/22/2024; Bill SB499, 5/31/2024; Citation: *LOU INS* 22:1295, 22:1296;
Functions Claims/Accelerated Benefits; Compliance; Financial; Legal; Product Administration
Countries United States of America
Products Insurance; Insurance-Casualty; Insurance-Property
Regions Am
Rule Type Final
Rule Date 5/31/2024
Effective Date 8/1/2024
Rule Id 214162
Linked to N/A
Reg. Last Update 6/22/2024
Report Section US Insurance

Last substantive update on 06/26/2024