Bill > HB434

This bill amends Louisiana Revised Statutes 32:866, which addresses recovery limitations for motor vehicle accidents involving uninsured or underinsured drivers. The bill significantly increases the recovery limitations from $15,000 to $100,000 for bodily injury and from $25,000 to $100,000 for property damage. Under the new provisions, if a vehicle owner fails to maintain compulsory motor vehicle liability insurance and is involved in an accident, they cannot recover the first $100,000 of bodily injury or property damage costs. Additionally, if an uninsured vehicle owner files a lawsuit and is awarded an amount equal to or less than $100,000, they will be responsible for paying all court costs incurred by all parties. The bill also preserves insurance companies' rights of subrogation, allowing them to recover amounts paid by insurance above the $100,000 threshold. These changes aim to incentivize drivers to maintain proper automobile insurance coverage and provide clearer guidelines for recovering damages in motor vehicle accidents.

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https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB434&sbi=y