House Bill No. 941 aims to amend and reenact certain provisions of Louisiana's Revised Statutes regarding oilfield indemnification agreements and additional insured coverage. The bill modifies R.S. 9:2780 by clarifying that agreements related to wells for oil, gas, or water can pertain to multiple wells. It also establishes that any provisions in agreements that require waivers of subrogation or additional named insured endorsements that circumvent existing prohibitions are null and void. Notably, the bill introduces a new section (R.S. 9:2780(J)) that specifies the illustrative nature of activities related to these agreements.

Furthermore, the bill outlines the conditions under which additional insured coverage can be enforced. It stipulates that a party seeking such coverage must request a premium quote, receive it, and make direct payment to the insurer. The coverage is only valid if the premium is quoted for group coverage, and the additional insured is responsible for deductibles up to $100,000. The bill also emphasizes that any agreement requiring the named insured to fund deductibles up to this amount is unenforceable. Importantly, the bill maintains the prohibition against defense and indemnity as previously established, ensuring that these provisions remain null and void.

Statutes affected:
HB941 Original: 9:2780(B)
HB941 Engrossed: 9:2780(B)
HB941 Reengrossed: 9:2780(B)