2017 Regular Session ENROLLED
SENATE BILL NO. 45
BY SENATOR JOHN SMITH
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
1 AN ACT
2 To amend and reenact R.S. 22:2055(13) and to enact R.S. 22:46(19), relative to the
3 definition of ocean marine insurance; and to provide for related matters.
4 Be it enacted by the Legislature of Louisiana:
5 Section 1. R.S. 22:46(19) is hereby enacted to read as follows:
6 §46. General Definitions
7 In this Code, unless context otherwise requires, the following definitions are
8 applicable:
9 * * *
10 (19) "Ocean marine insurance" means marine insurance as defined in
11 R.S. 22:47(13), except for inland marine, as well as any other form of insurance,
12 regardless of the name, label, or marketing designation of the insurance policy,
13 which insures against maritime perils or risks and other related perils or risks,
14 which are usually insured against by traditional marine insurances such as hull
15 and machinery, marine builders' risks, and marine protection and indemnity.
16 Such perils and risks insured against include without limitation loss, damage,
17 or expense or legal liability of the insured for loss, damage, or expense arising
18 out of or incident to ownership, operation, chartering, maintenance, use, repair,
19 or construction of any vessel, craft, or instrumentality in use in ocean or inland
20 waterways, including liability of the insured for personal injury, illness, or
21 death or for loss of or damage to the property of the insured or another person,
22 except this definition shall not include insurance on vessels under five tons gross
23 weight. Ocean marine insurance as defined in this Section is subject to R.S.
24 22:1269.
ACT No. 183
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 45 ENROLLED
1 Section 2. R.S. 22:2055(13) is hereby amended and reenacted to read as follows:
2 §2055. Definitions
3 As used in this Part:
4 * * *
5 (13) "Ocean marine insurance" includes marine insurance as defined in R.S.
6 22:47(13), except for inland marine, as well as any other form of insurance,
7 regardless of the name, label, or marketing designation of the insurance policy,
8 which insures against maritime perils or risks and other related perils or risks, which
9 are usually insured against by traditional marine insurances such as hull and
10 machinery, marine builders' risks, and marine protection and indemnity. Such perils
11 and risks insured against include without limitation loss, damage or expense or legal
12 liability of the insured for loss, damage, or expense arising out of or incident to
13 ownership, operation, chartering, maintenance, use, repair or construction of any
14 vessel, craft or instrumentality in use in ocean or inland waterways, including
15 liability of the insured for personal injury, illness or death or for loss of or damage
16 to the property of the insured or another person, except this definition shall not
17 include insurance on vessels under five tons gross weight shall have the same
18 meaning as that term is defined in R.S. 22:46(19).
19 * * *
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.