SB 508

SLS 26RS-1419  ORIGINAL
 2026 Regular Session
 SENATE BILL NO. 508
 BY SENATOR SEABAUGH
 PRESCRIPTION. Provides for certain payments under the terms of an insurance contract.
 (8/1/26)
1AN ACT
2 To amend and reenact R.S. 22:868(B), relative to payments by an insurance company to its
3insured; to provide that any payment by an insurer to an insured under the terms of
4its contract will not be an acknowledgment of a debt; and to provide for related
5matters.
6 Be it enacted by the Legislature of Louisiana:
7Section 1. R.S. 22:868(B) is hereby amended and reenacted to read as follows:
8§868. Limiting actions; jurisdiction; venue
9*       *       *
10B. No insurance contract delivered or issued for delivery in this state and
11covering subjects located, resident, or to be performed in this state, or any health and
12accident policy insuring a resident of this state regardless of where made or
13delivered, shall contain any condition, stipulation, or agreement limiting right of
14action against the insurer to a period of less than twenty-four months next after the
15inception of the loss when the claim is a first-party claim, as defined in R.S. 22:1692,
16and arises under any insurance classified and defined in R.S. 22:47(6), (10), (11),
17(12), (13), (15), and (19) or to a period of less than one year from the time when the
  Page 1 of 2
  Coding: Words which are struck through are deletions from existing law;
  words in boldface type and underscored are additions.
SLS 26RS-1419  ORIGINAL
  SB NO. 508
1cause of action accrues in connection with all other insurances unless otherwise
2specifically provided in this Code. Any payment by an insurer under the terms
3and conditions of its contract shall not be considered the acknowledgment of a
4debt or otherwise extend the contractually defined prescriptive period which
5begins to run at the inception of the loss.
6*      *       *
  The original instrument and the following digest, which constitutes no part
  of the legislative instrument, were prepared by Senate Legislative Services.
  The keyword, summary, and digest do not constitute part of the law or proof
  or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
  DIGEST
SB 508 Original  2026 Regular Session  Seabaugh
Present law provides that an insurance contract issued in Louisiana may limit the right of
action against the insurer to a period of not less than 24 months from the date of the
inception of a loss.
Proposed law retains present law.
Proposed law provides that any payment made by the insurer pursuant to the term of its
contract will not serve as an acknowledgment of a debt or otherwise interrupt the
prescriptive period.
Effective August 1, 2026.
(Amends R.S. 22:868(B))
  Page 2 of 2
  Coding: Words which are struck through are deletions from existing law;
  words in boldface type and underscored are additions.