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Committee approves amended bill to clarify surplus-lines insurer rules after parish officials raise arbitration concerns
Summary
House Bill 561, proposing clarifications for surplus-lines insurers and arbitration clauses, was advanced after amendments removed a provision relating to public-contract arbitration; parish officials urged additional guardrails so local governments will not be forced into out-of-state arbitration forums.
House Bill 561, sponsored by Insurance Committee Chair Furman, would clarify the regulatory posture for surplus-lines insurance and confirm contractors’ freedom to negotiate forms, arbitration clauses and other contractual terms in surplus-lines contracts. The committee adopted an amendment that removed language changing public-contract arbitration rules and reported the bill favorably with the remaining technical edits.
The amendment struck the section that would have authorized out-of-state arbitration clauses in public‑entity contracts; after the change the bill…
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