SLS 25RS-269 ORIGINAL 2025 Regular Session SENATE BILL NO. 47 BY SENATOR TALBOT Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. WORKERS' COMPENSATION. Removes limitations on total amount of premiums received by LWCC in any calendar year from operations in other states. (8/1/25) 1 AN ACT 2 To amend and reenact R.S. 23:1393(A)(2), relative to workers' compensation insurance by 3 the Louisiana Workers' Compensation Corporation to Louisiana employers with 4 operations in other states; to provide for the total amount of premiums received in 5 any calendar year from operations in other states; and to provide for related matters. 6 Be it enacted by the Legislature of Louisiana: 7 Section 1. R.S. 23:1393(A)(2) is hereby amended and reenacted to read as follows: 8 ยง1393. Creation of Louisiana Workers' Compensation Corporation 9 A. * * * 10 (2) The corporation is authorized to provide workers' compensation insurance 11 which shall include but not be limited to state workers' compensation insurance 12 coverage, United States Longshore and Harbor Worker's Compensation Act 13 coverage, and Jones Act coverage. Such The coverage may be provided through any 14 direct insurance agreement or shared risk arrangement with entities that are properly 15 qualified by the Department of Insurance and maintain an "A" or better rating 16 according to the then current annual edition of Best's Insurance Reports. The 17 corporation is also authorized to provide such coverage for temporary and permanent 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. 47 SLS 25RS-269 ORIGINAL 1 operations in other states to its insureds with exposures in Louisiana, provided that 2 the insured is domiciled in Louisiana, incorporated in Louisiana, or has its principal 3 place of business in Louisiana. However, the total amount of premiums in any 4 calendar year for coverage for temporary and permanent operations subject to other 5 states' laws shall not exceed twenty percent of the corporation's annual total amount 6 of premiums derived from workers' compensation insurance. No more than thirty 7 percent of the total premium for any insured shall be for exposures under other states' 8 laws. 9 * * * The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Senate Legislative Services. The keyword, summary, 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)] DIGEST SB 47 Original 2025 Regular Session Talbot Present law restricts the amount of total premium earned by the Louisiana Workers' Compensation Corporation (LWCC) in any calendar year from operations in other states by La. employers to not more than 20% of the total premiums earned by LWCC. Present law also provides that no more than 30% of the total premium for any LWCC insured may be for exposures under other states' laws. Proposed law removes both restrictions. Effective August 1, 2025. (Amends R.S. 23:1393(A)(2)) Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions.