LA HB605

Insurers cannot factor workplace accidents caused by third parties into an employer's experience modifier while pursuing reimbursement from the third party through subrogation

Once a settlement agreement is reached or final judgment is rendered, insurers may recalculate the experience modifier based on fault allocation and reimbursement obtained, applied retroactively to the accident date

Any additional premium resulting from the adjusted experience modifier must be amortized over two calendar years, unless the parties agree otherwise

Enacts new R.S. 23:1105 to Louisiana workers' compensation law