The resolution, introduced by Senator Bass, requests the Senate Committee on Insurance to conduct a study on how Louisiana's legal environment affects the insurance market and rates. It highlights the ongoing crisis in property, casualty, and auto insurance availability and affordability in the state. The resolution emphasizes that insurance operates on the principle of risk assessment, where insurers evaluate the likelihood of loss and potential claim sizes. It notes that various factors influence insurance costs and availability, with concerns that certain influences may be worsening the current crisis.

The resolution calls for a thorough examination of these issues to better understand the relationship between Louisiana's legal framework and the insurance market. It also mandates that copies of the study request be sent to the state's insurance commissioner and the chief justice of the Louisiana Supreme Court, ensuring that key stakeholders are informed of the initiative.