This bill amends Louisiana's insurance law to extend premium discounts on automobile insurance policies to military reservists, in addition to active duty military personnel, Louisiana Air National Guard, and Louisiana Army National Guard members. Specifically, it mandates that insurers provide a 25% discount on premiums for these groups and introduces provisions for insurers to receive a credit against premium taxes equal to the discount offered. The bill also includes retired military and veterans with a disability of 50% or more as eligible for the discount.

Furthermore, the bill requires insurers to submit documentation to the commissioner of insurance to verify the discounts provided. The commissioner is tasked with adopting rules and regulations to implement these provisions, including defining the eligible military personnel. The effective date for this legislation is set for January 1, 2025.

Statutes affected:
SB337 Original: 22:1482(A)
SB337 Engrossed: 22:1482(A)
SB337 Enrolled: 22:1482(A)
SB337 Act : 22:1482(A)