HLS 14RS-1073 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2014
HOUSE BILL NO. 502
BY REPRESENTATIVE BURFORD
INSURANCE/AUTOMOBILE: Provides for a twenty percent discount on automobile
insurance for retired members of the armed forces.
AN ACT1
To enact R.S. 22:1482.2, relative to automobile liability insurance; to provide for2
definitions; to provide for a premium reduction for retired members of the armed3
forces; to provide for a premium tax rebate; to provide for rulemaking authority; and4
to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 22:1482.2 is hereby enacted to read as follows: 7
ยง1482.2. Retired armed forces premium discount; rebate8
A. Beginning on July 1, 2015, and thereafter, every motor vehicle insurer9
authorized to transact business in this state shall provide to a retired member of the10
armed forces of the United States, or the surviving spouse if deceased, who is a11
resident of Louisiana a reduction of twenty percent of the premium on any12
automobile liability insurance policy purchased in this state to cover motor vehicles13
owned by the retired member or the surviving spouse.14
B. For the purposes of this Section, the following definitions shall be15
applicable:16
(1) "Resident of Louisiana" means a person who has been domiciled in17
Louisiana for a period of at least twelve months immediately preceding the date of18
application for the premium reduction and who has not claimed residence in any19
other state for any other purpose.20 HLS 14RS-1073 ORIGINAL
HB NO. 502
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CODING: Words in struck through type are deletions from existing law; words underscored
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(2) "Retired member of the armed forces of the United States" means a1
member or former member of the armed forces who is entitled, under federal or state2
law, to retired, retirement, or retainer pay on account of service as a member.3
C. Insurers providing the premium reduction authorized by this Section shall4
be entitled to a rebate. The amount of the rebate shall be equal to the premium5
reduction actually provided and shall be payable from the premium taxes imposed6
pursuant to R.S. 22:831 and 838. Such insurers shall submit to the commissioner of7
insurance the documents, evidence, and proof required, in accordance with the rules8
and regulations adopted by the commissioner, to establish the amounts of the9
premium reduction actually provided. Upon certification provided by the10
commissioner of insurance of the amount of the premium reduction actually11
provided, the insurer shall apply to the Department of Revenue for payment of the12
rebate.13
D. The commissioner of insurance shall adopt rules and regulations, in14
accordance with the Administrative Procedure Act, to implement the provisions of15
this Section. The rules and regulations shall include but not be limited to all of the16
following:17
(1) Verifying the status of retired members of the armed forces of the United18
States, or their surviving spouse, who may receive the premium reduction.19
(2) Recordkeeping requirements for the insurers.20
(3) Procedures for submitting claims for rebates.21
(4) A listing of the documents, evidence, and proof necessary to establish a22
valid claim.23
(5) Time requirements and limitations for the submission of a claim,24
examination of the claim, and a final decision by the commissioner.25
(6) Other such provisions necessary for the proper implementation of this26
Section.27 HLS 14RS-1073 ORIGINAL
HB NO. 502
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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)]
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)