Bill
Bill > SB25
LA SB25
Provides for limitation of damages for compulsory motor vehicle liability security. (8/1/24)
summary
Introduced
02/26/2024
02/26/2024
In Committee
03/11/2024
03/11/2024
Crossed Over
Passed
Dead
06/03/2024
06/03/2024
Introduced Session
2024 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 32:866(A)(1), (F)(1) and (2), relative to compulsory motor vehicle liability security; to provide relative to the recovery of damages; to provide for limitation of damages; to provide with respect to limitation for recovery of bodily injury and property damages; and to provide for related matters.
AI Summary
This bill amends Louisiana Revised Statute 32:866, which relates to compulsory motor vehicle liability security. The key provisions of the bill are:
1) It increases the limitation on the recovery of damages for bodily injury from $15,000 to $100,000, and for property damage from $25,000 to $100,000, for motor vehicle accidents where the owner or operator failed to maintain the required liability insurance.
2) It preserves the rights of subrogation for insurers to recover any amounts paid in excess of the $100,000 limits for bodily injury and property damage.
The bill is intended to update the damage recovery limits for uninsured motorists, which had not been adjusted for inflation since the law was originally enacted.
Committee Categories
Justice
Sponsors (1)
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Judiciary A. (on 03/11/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=24rs&b=SB25&sbi=y |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1346779 |
| Analysis - Digest of SB25 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1346780 |
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