House Bill No. 591, known as the Paid Family Leave Insurance Act, aims to establish a new line of insurance in Louisiana that provides paid family leave benefits. The bill enacts Subpart I-1 of Part 3 of Chapter 4 of Title 22 of the Louisiana Revised Statutes, which includes definitions and guidelines for eligibility, benefits, and the insurance policies that will cover paid family leave. The Act allows licensed insurers to offer policies that provide wage replacement for employees taking leave for specific family-related reasons, such as the birth or adoption of a child, care for a seriously ill family member, or addressing exigencies related to a family member's military service.

The bill outlines the minimum duration of family leave benefits, which must be at least two weeks within a 52-week period, and specifies how this period can be calculated. It also details the requirements for insurance policies, including the definition of covered leave reasons, the calculation of benefits, and permissible limitations or exclusions. Additionally, it clarifies that benefits paid under this insurance will not be considered wages in lieu of workers' compensation and will not affect any claims related to existing workers' compensation laws. The Act will take effect upon the governor's signature or after the lapse of the time for gubernatorial action.