LA HB561

Increases the minimum font size for required surplus lines insurance policy notices from 10-point to 14-point font, effective August 1, 2025, for policies issued or renewed on or after January 1, 2026

Exempts surplus lines insurers from R.S. 22:868(A) provisions that generally prohibit insurance contracts from depriving Louisiana courts of jurisdiction or venue

Reaffirms through legislative intent language that surplus lines insurers may freely include arbitration clauses, agreements, and endorsements in their insurance policies and contracts

Clarifies that surplus lines policies are not subject to rate and form approval by the Louisiana Department of Insurance and are not covered by state insurance guaranty associations if the insurer becomes insolvent

House Committee on Insurance amended the original bill to remove a proposed exception regarding arbitration clauses in R.S. 9:2778(D)