Louisiana HB516 modifies recovery limitations for failure to maintain compulsory motor vehicle liability security.
Louisiana HB516 amends recovery limitations for failure to maintain compulsory motor vehicle liability security. The bill changes the monetary amount from $100,000 to $15,000 for bodily injury and property damage. It affects claimants and insurers by altering the threshold for recovery and subrogation rights. The changes apply to cases where no suit is filed and where the owner of a motor vehicle institutes an action.
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