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Bill > SB147
LA SB147
LA SB147Creates the Louisiana Churches and Nonprofit Religious Organizations Self-Insured Fund. (gov sig) (EN INCREASE SG EX See Note)
summary
Introduced
03/31/2023
03/31/2023
In Committee
05/16/2023
05/16/2023
Crossed Over
05/08/2023
05/08/2023
Passed
06/05/2023
06/05/2023
Dead
Signed/Enacted/Adopted
06/12/2023
06/12/2023
Introduced Session
2023 Regular Session
Bill Summary
Creates the Louisiana Churches and Nonprofit Religious Organizations Self-Insured Fund. (gov sig) (EN INCREASE SG EX See Note)
AI Summary
This bill creates the Louisiana Churches and Nonprofit Religious Organizations Self-Insured Fund. The fund is intended to allow churches, religious organizations, and denominations to band together and self-insure, increasing the availability of property insurance for local churches and religious buildings, increasing competitive pressure on insurance rates, and reducing the volume of business written by the Louisiana Citizens Property Insurance Corporation. The bill outlines the requirements for establishing and operating the fund, including financial, regulatory, and oversight provisions. It also provides for the examination and dissolution of the fund. The bill aims to address the crisis in the availability and affordability of insurance for churches and nonprofit religious organizations in Louisiana.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Effective date 6/12/2023. (on 06/12/2023)
Official Document
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