Louisiana HB932 establishes the Louisiana Commercial Trucking Insurance Market Reform Act, regulating captive insurers and creating the Louisiana.
Louisiana HB932 creates the Louisiana Commercial Trucking Insurance Market Reform Act, imposing requirements on captive insurers covering Louisiana commercial trucking risks. The Act mandates annual contributions to the Louisiana Commercial Trucking Market Access Fund, establishes minimum reserve and surplus requirements for captive insurers, and requires disclosure of insurance coverage in commercial trucking accident claims. It allows claimants to bring direct actions against captive insurers to enforce judgments against commercial trucking companies.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.