House Concurrent Resolution No. 120, introduced by Representative Jordan, urges the Louisiana Department of Insurance to establish an advisory task force to study the possibility of eliminating the state requirement for motor vehicle insurance. The resolution highlights that Louisiana has some of the highest motor vehicle insurance premiums in the nation, significantly exceeding the national average. It points to other states with less stringent insurance requirements, such as Florida, New Hampshire, and Virginia, as potential models for Louisiana to consider in alleviating the financial burden on its residents.

The task force will be composed of various representatives from organizations related to insurance and consumer advocacy, with the commissioner of insurance or their designee serving as the chair. The task force is tasked with meeting as necessary and providing a written report of its findings and legislative recommendations by February 1, 2025. Members will serve without compensation, except for any per diem or expense reimbursements they may be entitled to. The resolution also outlines the procedural requirements for the task force's operation and the submission of its report.