summary
Introduced
04/04/2025
04/04/2025
In Committee
05/14/2025
05/14/2025
Crossed Over
Passed
Dead
06/12/2025
06/12/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 22:1261(A), 1262, 1264(A) and (C), 1265(A)(1), the introductory paragraph of 1266(A), 1266(B)(2), (C), (D)(1), the introductory paragraph of (E)(1), (E)(2), (G), and (M)(1), the introductory paragraph of 1267(B), 1267(B)(2) and (3), (D)(1), (E)(1), and (G)(1), the introductory paragraph of 1267.1(A), 1268(A), 1269(A), (B)(2) and (4)(b), and (C), 1270(A), and 1271(A), relative to property insurance; to provide for property insurance; to provide for the regulation of property insurance; to provide for the operation of property insurance; and to provide for related matters.
AI Summary
This bill modifies several provisions of Louisiana's insurance law to provide greater protections and clarity for policyholders. The bill makes numerous technical amendments across multiple sections of insurance regulations, including changes to policy renewal, cancellation, and nonrenewal provisions. Key modifications include prohibiting insurers from canceling policies purely based on age, requiring insurers to provide more detailed explanations for policy cancellations or non-renewals, and establishing clearer notice requirements for changes in insurance coverage. The bill also addresses situations involving catastrophic events, ensuring that policyholders are not automatically denied coverage due to inability to provide immediate proof of loss during declared emergencies. Additionally, the bill standardizes language around policy notifications, refunds, and premium calculations, and clarifies requirements for insurers when communicating changes to policyholders. These amendments aim to create more transparent and consumer-friendly insurance practices in Louisiana, providing additional protections and information rights for insurance customers across various types of property and casualty insurance policies.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Title of substitute read and adopted; becomes Senate Bill No. 247. (on 05/19/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=SB172&sbi=y |
| Senate Committee Amendment #1717 INS Draft | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1414628 |
| Analysis - Digest of SB172 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404457 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1404456 |
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