Donelon is also looking to expand the “no pay, no play” rule under the Omnibus Premium Reduction Act of 1997. This was the state’s initial attempt at curbing the steep cost of car insurance premiums, where an uninsured person in an accident cannot pursue damage claims. In addition, a person without Alexandria, LA auto insurance cannot take legal action.
However, Louisiana’s version of the “no pay, no play” rule is different. The uninsured has to shoulder the first $10,000 in accident expenses. Donelon wants the threshold up at $15,000.
http://www.harlaninsurance.com/industry-news/insurance-commission-auto-insurance-in-louisiana-to-undergo-changes/
Friday, February 28, 2014
Insurance Commission: Auto Insurance in Louisiana to Undergo Changes
0 comments:
Post a Comment