Louisiana § 33:1359 Excess insurance

Louisiana Statutes

§ 33:1359 — Excess insurance

Louisiana·Title 33 Municipalities and Parishes

§1359. Excess insurance

A.An interlocal risk management agency shall maintain at all times a contract or contracts of specific excess insurance of at least one million dollars per occurrence and a contract or contracts of annual aggregate excess insurance of at least five million dollars with respect to general liability claims.

B.The agency shall provide statutory workers' compensation benefits coverage and shall maintain at all times a contract or contracts of specific excess insurance of at least two million dollars per occurrence and a contract or contracts of annual aggregate excess insurance of at least two million dollars.

C.The provisions of this Section regarding excess insurance shall apply only to self-insurance funds.

D.Nothing herein shall be construed to in any way reduce

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§1359. Excess insurance
A. An interlocal risk management agency shall maintain at all times a contract or
contracts of specific excess insurance of at least one million dollars per occurrence and a
contract or contracts of annual aggregate excess insurance of at least five million dollars with
respect to general liability claims.
B. The agency shall provide statutory workers' compensation benefits coverage and
shall maintain at all times a contract or contracts of specific excess insurance of at least two
million dollars per occurrence and a contract or contracts of annual aggregate excess
insurance of at least two million dollars.
C. The provisions of this Section regarding excess insurance shall apply only to self-insurance funds.
D. Nothing herein shall be construed to in any way reduce or limit a participating
local housing authority member's rights or obligations with respect to his or its employees
under the other provisions of this Chapter.
E. The agency shall maintain at all times contracts of excess insurance with respect
to property coverage and such other lines of coverage as may be approved by the board of
trustees of the interlocal risk management agency in such amounts as determined by the
board of trustees of the interlocal risk management agency.
F. Any excess insurance purchased under this Section shall not be subject to the
provisions of R.S. 22:1265.

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Legislative History

Added by Acts 1981, No. 802, §1. Acts 1983, 1st Ex.Sess., No. 1, §6; Acts 1999, No. 48, §1, eff. May 28, 1999; Acts 2004, No. 700, §1, eff. July 6, 2004; Acts 2005, No. 294, §2; Acts 2015, No. 236, §1, eff. June 29, 2015.