LAC 37:XIII.21315. Verification Procedures

A. Insurers are to annually verify compliance through policyholder’s submission of: 1. a telematics summary report, or; 2. a signed affidavit attesting to continuous operation of equipment. B. Failure to maintain qualification for the premium discount may result in forfeiture of the discount at the next policy renewal, unless the discount is reinstated for proof of compliance. C. Insurers are to submit an annual report to the commissioner by March 1 of each calendar year detailing: 1. number of commercial motor vehicles that are receiving the discount; 2. aggregate savings provided to policyholders; 3. observed changes in claim frequency and severity. D. Commissioner is to compile and submit a summary of the reports received.