Louisiana SB341 allows churches and nonprofit religious organizations to form self-insurance pools for commercial coverages.

Louisiana SB341 amends existing law to allow churches and nonprofit religious organizations to form self-insurance pools for commercial coverages, including property, premises liability, contents, wind, and hail coverage. The Louisiana Churches and Nonprofit Religious Organizations Self-Insured Fund is established to facilitate these pools. The Louisiana State Law Institute is directed to update relevant statutes to reflect these changes. The act becomes effective upon the governor's signature or if not signed, upon expiration of the time for bills to become law without signature.

Louisiana SB341 allows churches and nonprofit religious organizations to form self-insurance pools for commercial coverages.

Louisiana SB341 amends existing law to allow churches and nonprofit religious organizations to form self-insurance pools for commercial coverages, including property, premises liability, contents, wind, and hail coverage. The Louisiana Churches and Nonprofit Religious Organizations Self-Insured Fund is established to facilitate these pools. The Louisiana State Law Institute is directed to update relevant statutes to reflect these changes. The act becomes effective upon the governor's signature or if not signed, upon expiration of the time for bills to become law without signature.