SLS 12RS-506 ENGROSSED
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2012
SENATE BILL NO. 233
BY SENATOR GARY SMITH
INSURANCE POLICIES. Provides for use of a parish address as the major geographic
factor in writing automobile insurance. (8/1/12)
AN ACT1
To enact R.S. 22:1486, relative to automobile insurance; to provide for premiums charged2
on insurance policies; to provide for the use of the insured's parish of residence in3
formulating a schedule of premiums in certain circumstances; and to provide for4
related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 22:1486 is hereby enacted to read as follows: 7
ยง1486. Determination of automobile insurance policy rates8
Premiums charged for automobile insurance may not be unreasonable9
in relation to the benefits provided, the risk experience, and the reasonable10
expenses of providing the coverage; however, to the extent that any schedule of11
premium rates for such insurance for individual risks is based in whole or in12
part on geographical location, the insured's parish of residence shall be utilized13
as a factor given greater weight than any other method for partitioning the state14
into geographic subdivisions. 15 SB NO. 233
SLS 12RS-506 ENGROSSED
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Laura Gail Sullivan.
DIGEST
Gary Smith (SB 233)
Present law provisions of the Louisiana Insurance Code provide generally for rate-making
procedures and the determination of policy premiums for automobile insurance.
Proposed law provides that to the extent a schedule of premium rates for individual
automobile insurance is based on geographical location, the parish in which the insured
resides shall be utilized as a factor given greater weight than any other method for
partitioning the state into geographic subdivisions.
Effective August 1, 2012.
(Adds R.S. 22:1486)