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 suggests that various factors, including the legal landscape, may be influencing the current challenges faced by consumers in obtaining insurance.

The resolution calls for a thorough examination of these issues to better understand the relationship between Louisiana's legal framework and the insurance market's dynamics. 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, indicating the importance of collaboration among key stakeholders in addressing the insurance crisis.