Bill > HB280

This bill amends Louisiana law regarding the collection of workers' compensation premiums by establishing new rules for premium audits and insurers' ability to recover past-due payments. Specifically, insurers are now required to provide written notice to an insured within 90 days of completing a premium audit if they wish to collect additional premiums, and they are prohibited from modifying or completing a premium audit more than three years after the policy period ends. There are exceptions to this three-year limitation, such as cases involving fraud investigations, misrepresentation, or court determinations. The bill also clarifies that insurers may return premiums to an insured if a premium audit reveals the insured is entitled to a refund. The new law does not apply to self-insurance funds and aims to provide more transparency and protection for businesses by limiting the timeframe in which insurers can conduct premium audits and request additional payments. The bill represents a technical correction to existing workers' compensation insurance regulations, potentially reducing the administrative burden and uncertainty for insured businesses.

Labor and Employment

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB280&sbi=y