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LA HB574

Bill

Official Source

Status

Introduced

4/4/2025

Primary Sponsor

Edmond Jordan

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Adds education level and credit information to the list of prohibited factors insurers cannot use to classify risk when setting insurance rates
  • Existing law already prohibits risk classification based on race, color, creed, or national origin
  • Repeals R.S. 22:1501 through 1514, which currently regulate the use of credit information for personal insurance
  • Amends R.S. 22:1454(A) governing insurance rating standards and methods

Legislative Description

Prohibits the use of certain rating factors in insurance underwriting

INSURANCE/RATES

Last Action

Read by title, under the rules, referred to the Committee on Insurance.

4/14/2025

Committee Referrals

Insurance4/4/2025

Full Bill Text

No bill text available