PRESCRIPTION: Provides for certain payments under the terms of an insurance contract. (8/1/26)

This bill updates Louisiana law to clarify that insurance payments do not count as admitting a debt or restart the time limit for filing a lawsuit. It directly affects residents and businesses covered by various insurance policies in the state, including health, accident, and property coverage. The key provision ensures that the deadline to sue an insurer remains fixed at the start of a loss, regardless of any payments made by the insurance company. Additionally, the bill sets a minimum standard requiring that the time limit for first-party claims be at least 24 months.