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Bill

SB 47

WORKERS' COMPENSATION: Removes limitations on total amount of premiums received by LWCC in any calendar year from operations in other states. (8/1/25)

2025 Regular Session Introduced by Kirk Talbot

Eliminates premium caps on Louisiana Workers' Compensation Corporation's out-of-state insurance operations, allowing expanded revenue collection and market presence.

Withdrawn from the files of the Senate prior to introduction.
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Bill Summary · SB 47

Legislative bill overview

SB 47 would remove statutory caps on the amount of workers' compensation insurance premiums that the Louisiana Workers' Compensation Corporation (LWCC) can receive annually from its operations in other states. Currently, LWCC operates as a state-chartered workers' comp insurer and is subject to premium limitations for out-of-state business; this bill eliminates that ceiling.

Why is this important

LWCC is a significant player in Louisiana's workers' compensation market, and removing premium caps could substantially increase its revenue and market presence in neighboring states. This affects insurance costs for businesses, the competitive landscape for private insurers, and potentially the financial stability and risk profile of a state-run insurance entity.

Potential points of contention

  • Market competition concerns: Removing caps could allow LWCC to aggressively expand out-of-state, potentially undercutting private insurers and raising fairness questions about a state-backed insurer competing without the same constraints
  • Financial risk exposure: Unlimited premium collection from out-of-state operations increases LWCC's exposure to claims and liabilities across multiple state jurisdictions with different regulatory environments
  • Regulatory alignment: Different states have varying workers' comp rules; expanded LWCC operations could create compliance and solvency issues if claims experience differs significantly from Louisiana

Compiled from official sources — confirm details with the bill’s official record.

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