Louisiana Revised Statutes 22:1124 – A health insurance policy or contract issued or issued for delivery in this state after the effective date of this Subpart shall not do either of the following:
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Terms Used In Louisiana Revised Statutes 22:1124
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
A health insurance policy or contract issued or issued for delivery in this state after the effective date of this Subpart shall not do either of the following:
(1) Establish lifetime limits on the dollar value of benefits for any participant or beneficiary.
(2) Establish annual limits on the dollar value of essential benefits, as determined by the commissioner, to the extent not inconsistent with applicable federal law.
Acts 2019, No. 412, §1, eff. June 11, 2019.