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Key Votes

HB 678 - Insurance Funds Program - Key Vote

Louisiana Key Votes

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Insurance Funds Program

Legislation - Conference Report Adopted (House) (82-17) -
Legislation - Conference Report Adopted (Senate) (30-8) -
Legislation - Nonconcurrence Vote Passed (House) (97-0) -
Legislation - Bill Passed With Amendment (Senate) (23-13) - (Key vote)

Title: Insurance Funds Program

Vote Smart's Synopsis:

Vote to pass a bill that would provides to relieve financial strain on the Louisiana Citizens Property Insurance Corporation and increases competition among home insurers in the aftermath of Hurricanes Rita and Katrina.

Highlights:
-Establishes the Insure Louisiana Incentive Program to relieve pressure from the Louisiana Citizens Property Insurance Corporation, which suffered from a lack of a competitive insurance market after Hurricanes Katrina and Rita in 2005 (Sec. 1). -Provides grants that allow qualified insurers, who have proven stable finances and a satisfactory level of risk-based capital, to stay competitive (Sec. 1). -Establishes that initial grants must contain a sum between two and ten million dollars and twenty percent of the total amount of funds available must be given to domestic insurers (Sec. 1)
Legislation - Bill Passed (House) (100-1) -
Legislation - Introduced (House) -

Title: Insurance Funds Program

Sponsors

  • Karen Carter Peterson (LA - D) (Out Of Office)

Co-sponsors

  • Dale M. Erdey (LA - R) (Out Of Office)
  • Charles R. 'Charlie Mac' McDonald (LA - D) (Out Of Office)
  • Jean-Paul J. 'J.P.' Morrell (LA - D) (Out Of Office)
  • Stephen J. 'Steve' Scalise (LA - R) (Out Of Office)
  • Gary L. Smith Jr. (LA - D) (Out Of Office)
  • Joseph F. Toomy (LA - R) (Out Of Office)
  • Michael A. 'Mike' Walsworth (LA - R) (Out Of Office)
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