LOU LEG Workers' Comp Premiums

On Jun. 4, LOU LEG passed bill re workers' compensation premiums.

  • LOU LEG passed HB 200 to prohibit the recovery of past payments of workers' compensation premiums under certain circumstances; bill enacts LOU LEG 23:1172.3.
  • Bill Provisions
  • No insurer should be allowed to recover a past due payment of workers' compensation premium from an insured arising out of a claim for the misclassification of employee.
  • Unless insurer provides written notice to insured by certified mail, commercial courier, or via electronic transmission, within ninety days of completion of the payroll audit.
  • In event that insurer conducts a payroll audit, which shall serve as notice to insured, insurer to be prohibited from collecting additional workers' compensation premiums.
  • Insurer not allowed to modify a payroll audit more than 3 years after policy end.
  • Does not apply to misrepresentation of relevant information during prior audit, non-compliant payroll audit, payroll audit disputed by insured, review re fraud investigation
  • Legislative History
  • On Feb. 26, 2024, bill introduced in House; on Apr. 24, 2024, bill passed House.
  • On Apr. 24, 2024, bill introduced in Senate; on May 30, 2024, bill passed Senate.
  • On Jun. 4, 2024, bill was delivered to the governor, and is pending governor action.
  • Effectiveness
  • If enacted, bill becomes effective on Aug. 1 of the year the bill passed the legislature.
  • Jun. 25, 2024 LOU LEG Bill Approval
  • On Jun. 25, 2024, LOU LEG reported bill became Act 782 without governor's signature.

Regulators LOU LEG
Entity Types CNSM; Corp
Reference Act 782, 6/25/2024; Bill, HB200, 6/4/2024; Citation: LOU LEG 23;
Functions Compliance; Financial; HR; Legal
Countries United States of America
Products Corporate; Disability
Regions Am
Rule Type Final
Rule Date 6/4/2024
Effective Date 8/1/2024
Rule Id 214534
Linked to N/A
Reg. Last Update 6/25/2024
Report Section US Consumer

Last substantive update on 06/30/2024