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LA SB508

Bill

Official Source

Status

Introduced

3/31/2026

Primary Sponsor

Alan Seabaugh

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Payments made by an insurer to an insured under the terms of an insurance contract will not be considered an acknowledgment of debt
  • Partial payments by insurers will not interrupt or extend the prescriptive (limitation) period for filing legal action against the insurer
  • The prescriptive period continues to run from the inception of the loss regardless of any payments made
  • Retains existing law allowing insurance contracts to limit the right of action to no less than 24 months from the date of loss for first-party claims
  • Effective August 1, 2026; amends R.S. 22:868(B)

Legislative Description

Provides for certain payments under the terms of an insurance contract. (8/1/26)

PRESCRIPTION

Last Action

Read second time by title and referred to the Committee on Judiciary A.

4/1/2026

Committee Referrals

Judiciary A4/1/2026

Full Bill Text

No bill text available