Bill > HB549

This bill requires insurance companies in Louisiana to provide a premium discount for commercial motor vehicle insurance policies that are equipped with dashboard cameras and telematics systems. The legislation aims to enhance public safety, reduce insurance fraud, and lower claims costs by incentivizing the use of advanced vehicle monitoring technologies. Under the bill, insurers must offer a discount on the liability portion of insurance premiums for vehicles with a dashboard camera capable of 1080p continuous recording and a telematics system that tracks real-time driving data like speed and braking. To qualify for the discount, policyholders must ensure the devices are installed and operational at policy issuance, meet technical standards set by the insurance commissioner, and remain in continuous use. Insurers must annually verify compliance and submit reports to the commissioner detailing the number of vehicles receiving the discount, aggregate savings, and any observed changes in claim patterns. The commissioner is required to establish rules for implementing the discount and can impose penalties on insurers who willfully do not comply. The bill will take effect on January 1, 2026, and apply to all commercial motor vehicle insurance policies issued or renewed on or after that date, with the first compliance reports due by June 1, 2027.

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https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB549&sbi=y