This bill amends Louisiana's motor vehicle liability laws, specifically R.S. 32:866, to adjust the limits on recoverable damages in motor vehicle accident cases. The legislation changes the recovery limits for bodily injury from fifteen thousand dollars to one hundred thousand dollars and for property damage from twenty-five thousand dollars to one hundred thousand dollars. This means that individuals who are injured or suffer property damage in a motor vehicle accident will not be able to recover amounts below these new thresholds if the owner or operator of the vehicle involved does not maintain compulsory motor vehicle liability insurance.

Additionally, the bill stipulates that if an uninsured vehicle owner initiates a lawsuit for damages and is awarded an amount equal to or less than the new minimums, they will be responsible for all court costs incurred by all parties involved in the action. Furthermore, it clarifies that insurers will retain their rights of subrogation for claims exceeding the new recovery limits, ensuring that they can recover amounts paid on behalf of their insureds in cases where no lawsuit is filed.

Statutes affected:
HB434 Original: 32:866(A)(1)
HB434 Engrossed: 32:866(A)(1)
HB434 Enrolled: 32:866(A)(1)
HB434 Act : 32:866(A)(1)