The original instrument was prepared by LG Sullivan. The following digest, which
does not constitute a part of the legislative instrument, was prepared by Brandi
Cannon.
DIGEST
SB 477 Engrossed 2020 Regular Session Ward
Proposed law requires every policy of insurance covering business interruption delivered or issued
for delivery in this state on and after August 1, 2020, to include a notice of all exclusions on a form
prescribed by the commissioner of insurance. Requires the form to be provided by the insurer and
signed by the named insured or his legal representative.
Proposed law provides that the signed form shall be conclusively presumed to become a part of the
policy or contract and creates a rebuttable presumption that the insured knowingly contracted for
coverage with the stated exclusions.
Proposed law applies to any property insurance covering any business interruption that occurs in La.
and involves a La. business.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Adds R.S. 22:1272)
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Insurance to the original bill
1. Remove proposed law requiring coverage for business interruption due to the threat
posed by COVID-19.