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 309 Original 2023 Regular Session Garofalo
Abstract: Provides that all insurers that are required to submit rating plans to the commissioner of
insurance must provide credits and discounts.
Present law provides that after July 1, 2022, all insurers required to submit rating plans to the
commissioner may, if actuarially justified, provide credits provide credits and discounts in
compliance with the fortified home and fortified commercial standards created by the Insurance
Institute for Business and Home Safety.
Proposed law mandates that all insurers that submit rating plans give credits and discounts for such
compliance.
Proposed law makes technical changes.
(Amends R.S. 22:1483(C)(1))