Provides an insurance premium discount for members of the Louisiana National Guard who have not been activated. (8/1/18) (EG -$1,100,000 GF RV See Note)
Impact
The proposed legislation modifies existing Louisiana law, which currently mandates a 25% discount exclusively for active military personnel. By including National Guard members under a new provision for a 12.5% discount, the state acknowledges the contributions and sacrifices of these individuals while enhancing their financial well-being. The bill ensures that these members benefit from similar insurance incentives, thereby fostering a stronger sense of support from the state.
Summary
Senate Bill 222, introduced by Senator Lambert, aims to extend automobile insurance premium discounts to members of the Louisiana National Guard who are not eligible for existing discounts available to active military personnel. The bill specifies that while active military personnel are entitled to a 25% discount on their automobile liability insurance, members of the National Guard will receive a reduced discount of 12.5%. This initiative seeks to recognize the service of National Guard members, providing them with some financial relief on their insurance premiums.
Sentiment
Generally, the sentiment surrounding SB 222 appears favorable among legislators and advocates for military personnel. There is recognition of the need to provide financial benefits to service members and their families. However, discussions may involve nuances regarding budget implications, potential impacts on insurance providers, and the broader context of state funding, particularly considering the bill's estimated cost of $1.1 million to the general fund.
Contention
While there seems to be broad support for the bill, potential contentions may arise regarding the financial efficacy and sustainability of providing additional discounts. Some may argue that the expansion of discounts could place a burden on the state's budget and insurance companies. The bill also highlights the delicate balance between providing benefits to service members while monitoring state expenditures, particularly during fiscal challenges.
Provides for death and disability benefits for Louisiana National Guardsmen activated by the governor or the president. (gov sig) (EG INCREASE GF EX See Note)
Provides for death and disability benefits for Louisiana National Guardsmen activated by the governor or the president. (gov sig) (EN +$8,200,000 SD EX See Note)
Provides for discounts and insurance rate reductions for residential and commercial buildings built to, or retrofitted to, reduce the threat of loss due to windstorm events
Relating to regulation of certain conduct by discount health care program operators, or concerning discount health care programs, that relates to prescription drugs or prescription drug benefits; authorizing administrative and civil penalties.
Relating to regulation of discount drug card program operators; authorizing administrative and civil penalties; authorizing fees; expanding a registration requirement.