Bill > HB941

This bill modifies Louisiana law concerning oilfield indemnification agreements and additional insured coverage, which are contracts related to oil and gas operations. Specifically, it clarifies that while agreements generally cannot require one party to indemnify or defend another against their own negligence (known as "sole or concurrent negligence"), there are new, specific conditions under which "additional insured coverage" can be enforced. This means a party can be added to another's insurance policy to gain coverage. To obtain this coverage, the requesting party must specifically ask for a premium quote for additional insured status, receive that quote, and then directly pay the insurer for the coverage. The bill also outlines procedures for group coverage, notification requirements for renewals, and clarifies that the additional insured is responsible for deductibles up to $100,000, with the named insured covering any amount above that, and prohibits agreements where the named insured funds all deductibles up to $100,000. Importantly, these changes do not override the existing prohibition against indemnification for one's own negligence.