Act 262

The provisions of Act 262 are applicable to all commercial automobile insurers authorized to write vehicle insurance in the state of Louisiana. The reporting requirements of Act 262 are limited to those commercial motor vehicles that are defined in La. R.S. 32:401(6). For purposes of Act 262, commercial automobile insurers need to report the required data covering vehicles that meet one or more of the following criteria:

• have a gross combination weight rating of 26,001 or more pounds; or
• have a gross vehicle weight rating of 26,001 or more pounds; or
• are designed to transport 16 or more passengers, including the driver; or
• are used in the transportation of materials found to be hazardous under the provision of the Hazardous Materials Transportation Act which requires the motor vehicle to bear a placard pursuant to the Hazardous Materials Regulations (CFR 49 Part 172, Subpart F).

The provisions of Act 262 do not apply to creditor-placed commercial automobile insurance, reinsurance, or surplus lines insurance.

Electronic Reporting

Data reported pursuant to Act 262 shall be submitted electronically via the Act 262 module by utilizing the LDl's Industry Access Portal. An authorized user must be designated for the Act 262 module by the commercial automobile insurer's Industry Access Portal administrator before data can be uploaded to the Act 262 module. The commercial automobile insurer shall submit the data to the LDI in the same format as found in the sample Excel® workbook available in the Act 262 module.