HLS 12RS-1209 ORIGINAL
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 492
BY REPRESENTATIVE HUVAL
INSURANCE/PROPERTY: Provides relative to reinstatement of property insurance
policies
AN ACT1
To amend and reenact R.S. 22:887(I), relative to property insurance policies; to provide2
relative to notices of reinstatement of certain such policies; and to provide for related3
matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 22:887(I) is hereby amended and reenacted to read as follows: 6
ยง887. Cancellation by insurer; changes to homeowner's insurance policies7
* * *8
I. Any insurer that issues notice of cancellation of an automobile on an9
insurance policy that provides coverage on any property that is subject of a10
mortgage, lien, or other collateral and later continues or reinstates that insurance11
policy shall issue notice of reinstatement to every policyholder, insurance producer,12
mortgagee, lienholder, pledgee, or other known person shown by the policy to have13
an interest in any loss which may occur thereunder and who received the notice of14
cancellation.15 HLS 12RS-1209 ORIGINAL
HB NO. 492
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Huval HB No. 492
Abstract: Requires persons, including a lienholder, with an interest in loss of any property
that is subject of a mortgage, lien, or other collateral to be notified of reinstatement
of a policy covering that property.
Present law requires any insurer that issues notice of cancellation of an automobile insurance
policy and later continues or reinstates that policy to issue notice of reinstatement to every
policyholder, insurance producer, mortgagee, pledgee, or other known person shown by the
policy to have an interest in any loss which may occur thereunder and who received the
notice of cancellation.
Proposed law expands application of present law to an insurance policy that provides
coverage on any property that is subject of a mortgage, lien, or other collateral. Also
specifies a lienholder as one of the persons to be notified of reinstatement.
(Amends R.S. 22:887(I))