A bill that will take effect on Aug. 1 requires Louisiana workers' compensation carriers to deduct any credits received from third-party actions when calculating an employer's loss experience modifier.
Gov. John Bel Edwards on Monday signed into law Senate Bill 44 by Sen. Ryan Gatti, R-Bossier City. Both the House of Representatives and Senate approved the bill with unanimous votes in May.
While prior law required insurers to grant credits to employers when calculating loss-experience ratios, SB 44 specifies that the credit must be used in the loss experience modifier in accordan...
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