Gov. John Bel Edwards has vetoed three bills that would have changed Louisiana’s insurance laws, including two sought by the state’s insurance commissioner.
The first bill, sponsored by River Ridge Rep. Kirk Talbot, would eliminate the requirement that an insurance policy cancellation notice be sent by certified mail, allowing them to be sent by first class mail with other tracking methods.
In his veto message, Edwards said certified mail offers an important protection for policyholders.
Edwards wrote that the other proposals — sponsored by Shreveport Rep. Alan Seabaugh and pushed by Insurance Commissioner Jim Donelon — added new insurance industry regulations that the governor claims could drive up costs for policyholders.
One of the measures would have reworked the process for reviewing administrative actions taken by the insurance commissioner.
The other was a technical bill involving the rights of associations that deal with insolvent insurance companies.
Vetoed were House Bills 169, 607 and 609.
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination 
California Sees Two More Property Insurers Withdraw From Market 
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M From This Issue
