The bill, SB 341, aims to enhance the Louisiana Churches and Nonprofit Religious Organizations Self-Insured Fund by allowing these entities to form self-insurance pools for commercial coverage and other types of risk, pending approval from the commissioner of insurance. It introduces new requirements for record-keeping, specifically mandating that records originally received in digital or electronic format be maintained for a specified duration. The bill also modifies existing provisions regarding the responsibilities of fund members, including the establishment of an aggregate loss fund and a cash reserve to cover obligations.

Key amendments include the repeal of certain existing provisions related to advance payments and record retention, while new language has been added to clarify the requirements for maintaining records and the process for resolving claim disputes through mediation or appraisal. The bill retains the jurisdiction of the 19th Judicial District Court for proceedings under the law, while also allowing for additional regulatory actions by the commissioner to ensure compliance with the new requirements. The bill is set to take effect upon the governor's signature or the lapse of time for gubernatorial action.

Statutes affected:
SB341 Original: 12:1854(3)
SB341 Engrossed: 12:1854(3), 12:1855(B)(1), 12:1855(B)(2), 12:1856(A)(3)
SB341 Enrolled: 12:1854(3), 12:1855(B)(1), 12:1855(B)(2), 12:1856(A)(3), 12:1855(A)(5), 12:1856(E)
SB341 Act : 12:1854(3), 12:1855(B)(1), 12:1855(B)(2), 12:1856(A)(3), 12:1855(A)(5), 12:1856(E)
Conference Committee Report, #4568, House Adopted, Senate Adopted: 12:1855(A)(5), 12:1856(E)