The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by James Benton.
DIGEST
SB 266 Original 2024 Regular Session Pressly
Proposed law requires the use of a reversionary medical trust for the payment of future medical and
related expenses in the amount of $50,000 or greater. Proposed law defines "reversionary medical
trust".
Proposed law requires that the liable party establish the trust and the claimant shall submit original
invoices, which the trustee shall review for payment. The trustee shall also prepare vouchers or
warrants and evaluate and settle claims related to the payment of future medical care and related
benefits. The trustee shall have the same fiduciary duties as imposed upon a trustee by the La. Trust
Code.
Proposed law provides that upon the death of the claimant or upon the termination of the trust as
provided in the trust instrument, any funds remaining in the reversionary trust shall revert to the party
that established the trust.
Proposed law does not limit a claimant's ability to contract with respect to attorney fees and costs.
Effective August 1, 2024.
(Adds R.S. 13:4212)