The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Cheryl Horne.
DIGEST
Present law defines "hurricane", "named storm" and "separate deductible". Provides that for all
homeowners' insurance policies or other policies insuring a one- or two-family occupied
premises for fire and allied lines, any separate deductible that applies in place of any other
deductible to loss or damage resulting from a named storm or hurricane shall be applied on an
annual basis to all named-storm or hurricane losses that are subject to the separate deductible
during the calendar year.
Proposed law retains present law and requires an insurer who applies a separate deductible other
than a hurricane deductible to offer the policyholder a discount of a specific dollar amount in the
annual premium.
Effective August 1, 2013.
(Amends R.S. 22:1337(B))