Louisiana 2010 2010 Regular Session

Louisiana House Bill HB285 Introduced / Bill

                    HLS 10RS-1168	ORIGINAL
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2010
HOUSE BILL NO. 285
BY REPRESENTATIVE PEARSON
INSURANCE/SURPLUS LINE: Exempts surplus lines insurance delivered by approved
unauthorized insurers from laws regarding form and rate filing and approval
AN ACT1
To enact R.S. 22:446, relative to surplus lines insurance; to exempt approved unauthorized2
insurers delivering such insurance in this state from laws regarding form and rate3
filing and approval; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 22:446 is hereby enacted to read as follows:6
ยง446. Surplus lines insurance delivered by approved unauthorized insurers;7
exemption from form and rate filing and approval8
Notwithstanding any other provision of this Code to the contrary, approved9
unauthorized insurers delivering surplus lines insurance in this state shall not be10
required to file or seek approval of their forms and rates.11
Section 2. This Act shall become effective upon signature by the governor or, if not12
signed by the governor, upon expiration of the time for bills to become law without signature13
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana.  If14
vetoed by the governor and subsequently approved by the legislature, this Act shall become15
effective on the day following such approval.16 HLS 10RS-1168	ORIGINAL
HB NO. 285
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
Pearson	HB No. 285
Abstract: Exempts approved unauthorized insurers delivering surplus lines insurance in
this state from laws regarding form and rate filing and approval.
Proposed law provides that, notwithstanding any other provision of the Insurance Code to
the contrary, approved unauthorized insurers delivering surplus lines insurance in this state
shall not be required to file or seek approval of their forms and rates.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 22:446)