HB605

Louisiana HB605 modifies workers' compensation experience modifiers and subrogation in cases involving third-party reimbursements.

Louisiana HB605 establishes that insurers cannot factor accidents into an employer's experience modifier calculation until an agreement or final judgment is reached. It allows insurers to recalculate the modifier based on fault allocation and reimbursement obtained, retroactive to the accident date. Any additional premium due from the adjusted modifier must be paid over two years unless otherwise agreed. This law aims to ensure fair treatment of employers in workers' compensation cases involving third-party reimbursements.