House Bill No. by Representative Bayham amends R.S. 32:863(A)(3)(a) to reduce reinstatement fees associated with lapses in vehicle liability security coverage and to extend the grace period before these fees are imposed. The bill decreases the reinstatement fee for a lapse of coverage from $100 to $75 for periods of one to thirty days, from $250 to $200 for lapses of thirty-one to ninety days, and from $500 to $400 for lapses exceeding ninety days. Additionally, the grace period for which no reinstatement fee is charged is extended from ten days to fifteen days, provided that the vehicle's license plate is surrendered within the same timeframe.

The proposed changes aim to alleviate the financial burden on vehicle owners who experience lapses in their insurance coverage. By lowering the fees and extending the grace period, the bill seeks to encourage compliance with vehicle liability security requirements while providing a more lenient approach for first-time violations. The adjustments reflect a shift towards a more supportive regulatory framework for vehicle owners in Louisiana.

Statutes affected:
HB582 Original: 32:863(A)(3)