Senate Bill No. 11, introduced by Senator Luneau, aims to amend the existing insurance rating standards in Louisiana by prohibiting the classification of risks based on gender. The bill modifies R.S. 22:1454(A) to ensure that insurance rates remain fair and non-discriminatory in both competitive and noncompetitive markets. While current law already prohibits risk classifications based on race, color, creed, or national origin, this bill expands those protections to include gender as a criterion that cannot be used for risk classification.

The proposed changes will take effect on August 1, 2023, reinforcing the commitment to equitable insurance practices in Louisiana. By eliminating gender as a factor in determining insurance rates, the legislation seeks to promote fairness and prevent discrimination in the insurance industry.

Statutes affected:
SB11 Original: 22:1454(A)
SB11 Engrossed: 22:1454(A)