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AI Summary
HB880, the Louisiana Artificial Intelligence Insurance Fairness Act, aims to ensure fairness in AI use in insurance. The fiscal note suggests a $1,029,533 increase, details pending bill text.
Business Impact
If you operate in the insurance sector in Louisiana, you must comply with the new AI regulations by the effective date or face financial penalties.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics How we classify →
What This Means
The Louisiana Artificial Intelligence Insurance Fairness Act, HB880, seeks to regulate AI use in insurance for fairness. Fiscal implications include a $1,029,533 increase, pending details from the bill text.
Key Provisions
- The bill aims to ensure fairness in AI use in insurance, with specific regulatory measures to be detailed upon review of the full bill text.
- The fiscal note increase of $1,029,533 is pending detailed allocation information from the bill text.
Latest Legislative Action
Read by title, under the rules, referred to the Committee on Insurance.
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Edmond Jordan D | Sponsor | HD-029 |
Amendments (2)
House Committee Amendment #1404 INS Draft
Pending
—
House Committee Amendment #1550 INS Draft
Pending
—
Compliance Checklist
Adopt fairness standards for AI use in insurance practices
Who: Insurance providers
Deadline: To be specified upon enactment
Penalty: To be determined based on regulatory guidelines
Who: Insurance providers
Deadline: To be specified upon enactment
Penalty: To be determined based on regulatory guidelines
Ensure transparency in AI decision-making processes
Who: Insurance companies
Deadline: To be specified upon enactment
Penalty: To be determined based on regulatory guidelines
Who: Insurance companies
Deadline: To be specified upon enactment
Penalty: To be determined based on regulatory guidelines
Full Legal Analysis
HB880, titled the Louisiana Artificial Intelligence Insurance Fairness Act, has been introduced in the Louisiana legislature. The bill aims to ensure fairness in the use of artificial intelligence within the insurance industry. The fiscal note indicates an expenditure increase of $1,029,533, but specific allocations and regulatory measures will be clarified upon review of the full bill text. This analysis is preliminary and will be updated with more details once the full bill text is available.
Official Source
Official Bill Text
View HB880 on official legislature website →
Related Topics
Affected Industries
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