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)]
Burford HB No. 502
Abstract: Requires insurers to provide a 20% reduction in the automobile liability insurance
rates of retired members of the armed forces.
Present law requires an insurer to provide a 25% reduction in automobile liability insurance rates
to active military personnel.
Proposed law retains present law and additionally provides retired members of the armed forces
of the U.S., as defined by federal or state law, or their surviving spouses, residing in La. a 20%
premium reduction in their automobile liability rates.
Present law provides a premium tax credit to insurers equal to the discount actually provided to
active military personnel.
Proposed law retains present law and additionally provides a rebate out of premium taxes paid by
insurers equal to the amount of the premium reduction actually provided.
(Adds R.S. 22:1482.2)