SLS 20RS-242 ORIGINAL
2020 Regular Session
SENATE BILL NO. 101
BY SENATOR FIELDS
INSURANCE RATES. Provides a person's credit score should not be used to determine
their insurance rate. (8/1/20)
1 AN ACT
2 To amend and reenact R.S. 22:1454(A), relative to rating standards and methods; to prohibit
3 rate classifications based upon the insured's credit score; and to provide for related
4 matters.
5 Be 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 risk
11 shall be classified on the basis of race, color, creed, or national origin, or the
12 insured's credit score.
13 * * *
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 101
SLS 20RS-242 ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by LG Sullivan.
DIGEST
SB 101 Original 2020 Regular Session Fields
Present law requires that insurance rates not be inadequate or unfairly discriminatory in a
competitive market and that rates not be excessive, inadequate, or unfairly discriminatory
in a noncompetitive market. Authorizes classification of risks using any criteria but prohibits
risk classifications on the basis of race, color, creed, or national origin.
Proposed law retains these provisions but further prohibits risk classifications made on the
basis of a person's credit score.
Effective August 1, 2020.
(Amends R.S. 22:1454(A))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.