SLS 20RS-80 ORIGINAL
2020 Regular Session
SENATE BILL NO. 14
BY SENATOR LUNEAU
INSURANCE RATES. Prohibits insurance rate determinations based on risks classified by
the insured's credit score/rating. (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/rating; and to provide for
4 related 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 §1454. 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, the insured's credit score/rating, color,
12 creed, or national origin.
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. 14
SLS 20RS-80 ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Thomas L. Tyler.
DIGEST
SB 14 Original 2020 Regular Session Luneau
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/rating.
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.