HLS 20RS-493 ORIGINAL
2020 Regular Session
HOUSE BILL NO. 224
BY REPRESENTATIVE BAGLEY
INSURANCE/RATES: Provides relative to rate determinations based on risks classified by
the insured's credit score or rating
1 AN ACT
2To amend and reenact R.S. 22:1454(A), relative to insurance rating standards and methods;
3 to prohibit rate classifications based on an insured's credit score or rating; and to
4 provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 22:1454(A) is hereby amended and reenacted to read as follows:
7 ยง1454. Rating standards and methods
8 A. Rates shall not be inadequate or unfairly discriminatory in a competitive
9 market. Rates shall not be excessive, inadequate, or unfairly discriminatory in a
10 noncompetitive market. Risks may be classified using any criteria except that no
11 risk shall be classified on the basis of race, color, creed, or national origin, or the
12 insured's credit score or rating.
13 * * *
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)]
HB 224 Original 2020 Regular Session Bagley
Abstract: Prohibits risks classifications based on an insured's credit score or rating when
determining rates.
Present law prohibits inadequate or unfairly discriminatory rates in a competitive market.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 20RS-493 ORIGINAL
HB NO. 224
Present law prohibits rates from being excessive, inadequate, or unfairly discriminatory in
a noncompetitive market.
Present law authorizes risk classifications based on any criteria except race, color, creed, or
national origin.
Proposed law retains present law and further prohibits risk classifications based on a person's
credit score or rating when determining insurance rates.
(Amends R.S. 22:1454(A))
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.