Thursday, May 30, 2013

Louisiana bill aims to increase conformity to the NRRA

Louisiana House Bill 543, a bill to increase conformity between Louisiana state law and the provisions of the NRRA, is on Governor Bobby Jindal’s desk awaiting his signature.  If the governor does not veto the bill in ten days it will become law, though it is anticipated he will sign it into law with the next round of bills.  HB 543 eliminates the diligent search affidavit for personal lines insurance and eliminates the requirement to be on an approved list maintained by the Department of Insurance.  The Department will continue to maintain a voluntary “approved list” of carriers who submit to the Department’s requirements.  NAPSLO members can access the full text of the bill using the StateNet portal on the NAPSLO website.

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